If you’re looking for an easy way to save money in lockdown, giving up certain foods and drinks for Lent could do wonders for your bank balance.
New research from Ocean Finance has found that letting go of certain treats could save an individual up to £300.
It seems going veggie for Lent could be the most beneficial, as giving up meat could save a person around £89.60 over the 40-day period (running from Wednesday February 17 to Saturday April 3).
Likewise, according to the research, ditching alcohol will save around £52, because individuals tend to spend an average of £1.30 per day on booze.
Those who decide to give up takeaways for Lent could save around £44, while anyone who parts ways with sweet treats could save £31.20.
Similarly, waving goodbye to smoking will save around £22 and dropping fizzy drinks from your diet will mean you pocket around £12.80 by Easter.
If you want your diet to remain the same, then stopping any unused subscriptions could save a nifty £45.09.
Anyone who is brave enough to give up all of the above could save a staggering £296.69 in total.
Sarah Neate, editor in chief at Ocean Finance, said: ‘With many Brits hoping to budget better, giving up non-essential items over the period of Lent is not only an efficient way to boost your finances, but it will also help you challenge yourself to quit overspending in the long-run.
‘Plus, our research has shown that up to £300 can be saved, by simply cutting back on our cravings, or being savvier with our outgoings.’
Seven ways to save up to £300 this Lent:
Meat (£2.24 spent on average per day) – £89.60 saved
Alcohol (£1.30 per day) – £52 saved
Unused subscriptions (£1.12 per day) – £45.09 saved
Takeaways (£1.10 per day) – £44 saved
Sweet treats (78p per day) – £31.20 saved
Smoking (55p per day) – £22 saved
Fizzy drinks (32p) – £12.80 saved
Total saved: £296.69
Of course, you could save even more if you stuck to those Lent resolutions for a full year…
How much could you save in a year by keeping up Lent goals?
How much do you spend on your vice (e.g. chocolate, alcohol)? £
Total savings per year (£)
If you want more tips and tricks on saving money, as well as chat about cash and alerts on deals and discounts, join our Facebook Group, Money Pot.
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