24 July 2014

Saving for sporting events in 2014

This year has already been a great one for sport, with the 2014 World Cup in Brazil, Wimbledon and the Tour de France visiting Yorkshire … and the Commonwealth Games in Glasgow now upon us.

Being a sports fan can prove pricey, especially if you want to see some of the action live and in person. Research by the Independent published in May found that a week-long break to Brazil this summer, including flights, cost around £1,000. Meanwhile, one budget apartment complex in Glasgow is charging £1,500 rather than the usual £40 a night for accommodation during the Commonwealth Games, according to an article published in The Scotsman in February this year.

If you are saving up for a sports-mad summer, here are a few ideas which may help you save some cash. 

Have a clear out

One man’s trash is another’s treasure, so why not have a rummage through your cupboards and see if there are any items you can bear to part with in exchange for some cash. You can pop everything from clothes to CDs and furniture on sites such as eBay and Gumtree and make a bit of cash on the side.

Give up your bad habits

Why not get in the sporting spirit by trying to lead a healthier lifestyle and save some cash in the process? The average smoker gets through 13 cigarettes a day, and with the recommended retail price for a packet of 20 standing at £7.98 (according to the Tobacco Manufacturers’ Association, 2013), you could save around £145 a month by giving up.

Similarly, figures from Vouchercodes.co.uk released in March 2013 show that the average Brit eats 12 takeaways a month, adding up to £110 per month or a massive £1,320 a year, meaning cutting back on the burgers and pizzas could save you enough for two flights to Rio.

Check your tariffs

If you pay hefty monthly bills for your mobile phone, broadband and TV, you may be able to save some cash by switching to a different deal. It may even be worth switching to pay-as-you-go for your mobile if you have a handset and don’t use all of the minutes and texts you get with your contract each month.

Think about your weekly shop

Rather than running around the supermarket straight from work with a rumbling stomach, take some time to plan your meals for the week, and shop accordingly. A little forward thinking should mean you can use leftover ingredients and save money - rather than spending on fresh food that you may not be able to use before it goes out of date. You can also try comparison sites such as Mysupermarket.co.uk and Which.co.uk to compare prices across various stores, so you can see where it’s most cost-effective for you to shop.

Get fit

Take some inspiration from the athletes you’re keen to see in action and boost your fitness levels by ditching the car or public transport and walking or cycling to and from work if possible. The latest available data (2013) from the TAS Partnership puts the average bus fare at £1.89 for a three-mile journey, so you could save £956.34 over a year if you biked instead.

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