Top Budgeting Tips Shared by Martin Lewis’ Followers for His Podcast

Financial journalist and presenter Martin Lewis has turned to his followers and fans for their best budgeting tips for his podcast, and the response has been overwhelming. With over 365,900 views and 283 responses, Brits have shared their top tactics for getting a handle on their finances.

From using neobank Monzo to timing bill payments and reducing food waste, the suggestions have been varied and insightful. One follower, Stephen Campbell, credited Monzo for changing his life by helping him understand his money flow and budget effectively.

Another follower, John Hugill, recommended paying bills on the 1st of the month, shopping online for groceries, and minimizing exposure to advertisements to reduce unnecessary spending. Denny Wright suggested using a clear plastic bin bag to monitor food waste and avoid overbuying or overcooking.

Ali shared her strategy of using a budgeting app to allocate funds into different “pots” for bills and discretionary spending, while Craig Priest relies on an Excel spreadsheet to track income and expenses to avoid accumulating debt.

Katie Di Stefano offered a unique approach of moving an allowance into a separate account on payday and only spending from that account, allowing any leftover money to accumulate in a savings account.

With such a wealth of advice from his followers, Martin Lewis is sure to have plenty of material for his podcast on budgeting tips. For more financial advice and tips, you can visit the Money Saving Expert website.