Looking closely at what you’re spending, how you could earn more and whether you’re receiving everything you’re entitled to can make a big difference.

A good first step is to check that you are claiming all the benefits you’re entitled to. Research has revealed that millions of pounds in benefits go unclaimed every year.

Then find out whether you’re paying too much for gas, electricity, phone, broadband and insurance. Set aside the time to compare prices and, if you can get the services you need for less, make the change.

If your insurance for car, house, contents, pet, etc is not due for renewal, make a note of the renewal dates to ensure that you can switch if it will save you money.

Save money on food bills by preparing a weekly menu and sticking to it. Don’t throw left-overs away – make something with them instead. Switch to packed lunches for work and school, and use any money-saving coupons – as long as they are for things you would usually buy.

Have a budget for clothes shopping and don’t be tempted to blow it. Check out charity shops, where, if you’re lucky, you can pick up designer items for a fraction of the price.

Make sure unexpected bills don’t catch you out by setting up a savings account where you can put a monthly amount to cover them.
Save small change in a jar or bottle – you won’t miss it, but it mounts up quickly.