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Matthew T
iD Mobile Employee
iD Mobile Employee
December 30, 2024
Blog

The iD Mobile Guide to Saving Money in 2025.

  • December 30, 2024
  • 208 replies
  • 19509 views
How to save money in 2025.

2025. The start of a brand-new year, and the time when we set resolutions and make goals. Saving money is a top resolution for lots of us, and with good reason - who doesn’t want to keep more cash?

Whether you’re saving up for a big purchase, clearing debts, or just trying to stretch your pay packet further, 2025 is a great year to get serious about saving. To help you on your way, we’ve rounded up five easy tips that can make a real difference to your bank balance.

 

1. Take some time to budget.

 

 

If you don’t already have a budget, now’s the time to create one. It might sound like a boring task, but trust us - it’s the key to successful saving. A budget gives you a clear picture of where your money’s going and helps you identify areas where you can cut back. Here’s how to get started:

  1. List your income.
  2. Track your expenses, from essentials like rent and groceries to all those coffee runs.
  3. Subtract your expenses from your income to see what’s left.

Once you’ve laid it all out, you’ll quickly see where you can make changes. Are those streaming subscriptions piling up? Could you batch-cook instead of ordering cheeky takeaways? A great tool to use is the Money Saving Expert Budget Planner. It’s free and really easy to use.

2. Switch and save on utilities.

 

 

Gas and electricity prices made headlines last year. And for lots of us, they’re still a bit of a headache. The good news? Switching providers can save you a chunk of cash. Services like Octopus Energy offer competitive rates, plus you can often snag referral discounts. Here’s a link to get you started.

Now let’s talk about your internet. Did you know you could save on broadband too? iD Mobile offers Unlimited Data SIM Only deals starting from just £15 a month, and if you pair it with a mobile router from Currys, you could have a budget-friendly Wi-Fi solution. Better yet, pop into your nearest Currys store - they can help you switch broadband providers to find the best deal.

 

3. Switch to iD Mobile.

 

 

We know most of you are already part of the iD family, but if you’re not… what are you waiting for? By seeing the light and switching to iD Mobile, you can save an average of £240 a year compared to major networks. Prefer a SIM Only Deal ? iD Mobile customers save an average of £15 a month compared to other providers. That’s £180 a year!

Already an iD customer? Take a look at your current plan - you might find that you’re eligible for an upgrade or plan change that saves you even more.

4. Get paid to switch banks.

 

 

Switching banks might sound like a hassle, but it’s never been easier. And some banks will even pay you to move your account. That’s right - free money just for making the switch!

Check out the latest offers on the Money Saving Expert Bank Account Comparison. Quite a few banks offer bonuses of £100 or more, and some throw in extras like cashback on bills or free overdrafts.

 

Bonus tip: Before switching, make sure you’ve got any Direct Debits or regular payments noted down so you can check they’ve all transferred correctly.

 

5. Get smart with shopping deals.

 

 

Whether you’re shopping for groceries, gadgets, or gifts, there are loads of ways to save. Here are three fantastic tools that are worth checking out:

  • Hotukdeals: Find the best sales and discounts on anything from tech to travel.
  • TopCashback: Earn cashback on your purchases from a huge range of retailers.
  • Honey: Automatically find and apply discount codes while you shop online.

The trick here is to avoid impulse buying just because something’s on sale. Make a shopping list, stick to it, and use these tools to save on what you genuinely need.

Wrapping up…

 

 

Saving money in 2025 doesn’t have to be difficult or time-consuming. It’s all about making small, smart changes that add up over time. From budgeting and switching utilities to making the most of cashback sites, there are plenty of ways to make your bank account feel better.

Now it’s your turn. What are your best tips for saving money?

Share them with the community in the comments below - your advice might just win you a Hive Smart Thermostat & Hub!

Entries close on 20th January 2025 at 23:59. The winners will be chosen at random and announced shortly after, so keep an eye on your inbox or DMs for a message from us.

    This topic has been closed for replies.

    208 replies

    New Contributor
    January 7, 2025

    Budgeting it must do then have a separate bank account to cover all bills/expenses, a savings account and money allowed to spend each month.  If you have any spare in money allowed to spend or bills account move it to your savings account.

    Grenville Saunders
    New Contributor
    New Contributor
    January 7, 2025

    I close my curtains to hold the heat in my house also have joined my EDF Sunday saver which if you cut back on elect use age in the evening you get free hours on the Sunday I have had 2 Sundays with 8 hour and 12 hours free electricity also 8 hours on Christmas day. I have just been told I have 8 hours on this Sunday coming.

    New Contributor
    January 7, 2025

    Only buy what you need. A 50% saving is only a saving if you needed the item in the first place, otherwise it is unnecessary expenditure. The exception to this is for items you regularly use that have a long shelf-life where buying more can save you in the long run.

    New Contributor
    January 7, 2025

    As a young adult trying to save for a home I feel I have to cut back on most wants and only get what I NEED. I always make a note of my monthly outgoings that are necessities then see what I am left with and put 70% in savings and live of the other 30%. If I still have money left over I then also transfer the remainder to savings. I always put the exact amounts or round then up to the nearest pound as sometimes fuel, bills, etc can be higher meaning some months you are left with less than expected. I find being accurate helps massively and you should always shop around for the best prices. 

    Active Contributor
    January 7, 2025

    The Hive Smart hub is a great way to keep your heating at the optimum temperature for your home. The best way I have been able yo achieve lower gas and electric bills so far is to have had the best double glazing and home insulation I could afford. I lose much less heat to drafts and ventilation tiles on the roof help air circulation in the insulated loft. 

    I also run my washing machine and dishwasher at night, when required, to ensure using off peak electricity.  

    New Contributor
    January 7, 2025

    In a hermetically sealed home there is one big problem and that is, we all breathe.in air and breathe out carbon dioxide and water vapour which in time with no proper ventilation leads to mould and a bad house atmosphere plus it’s detrimental to healthy living.

    If this is you, check your house ventilation bricks and don’t forget your roof ventilation as well and this will save you money and a healthier lifestyle and kick that annoying fungi out.

    New Contributor
    January 7, 2025

    Make your own lunch at home rather than buy prepackaged lunch from a shop daily. You will save hundred over a year. 

    Active Contributor
    January 7, 2025

    Avoid takeouts and reduce eating out.

    Active Contributor
    January 7, 2025

    Batch cook and freeze! It’s a win win. But always plan your meals ahead and shop with a shopping list. Only buy what you need that way, knowing that you have already checked what you have in the fridge and cupboard.

    If you see something that you like in an online sale, put it in your barrow, then leave it there for a day or two, if the item is still available then buy, if it’s gone, it wasn’t to be. 

    oh, and use ID on the lowest tariff that you need!

    New Contributor
    January 7, 2025

    I’d automate savings so my money behaves better than I do after payday, plan meals like a pro to avoid those “oops, takeout again” moments, and squeeze every penny with cashback apps—I’m a little obsessed with them! I actually love signing up to apps that turn steps into vouchers because I make money whilst being healthy. Not going to lie, sitting and budgeting/ penny pinching is so boring to some and my partner hates it but I think I’m practically a financial genius. 🤣 ….I just wish I knew how to turn these little savings into more 🤑