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What to give up for Lent to save money

Lent follows Shrove Tuesday, Pancake Day, where people worldwide decide what to give up for 40 days.

Lent is symbolic of a Christian tradition when Jesus fasted for 40 days and 40 nights in the desert to resist being tempted by the devil.  

This year it seemed like a great idea to give up something, which would also save money in the process. Some of these suggestions may be easier than others.

What to give up for Lent to save money

Why not give up chocolate?

Most of us love chocolate, although we might not eat it every day. A bar of chocolate on average these days costs around 60p, so if you are one of the naughty ones who eats a bar a day, you are saving £18.60 this month. That might not sound like a large amount, but over the course of the year, not reaching for that cheeky bar of chocolate to get you through the day will save you around £200.

Give up drinking

If you are not one of those who gave up drinking in January – who wants to give up a vice in the most depressing month of the year? – then why not give up drinking for Lent instead?

Those cheeky tipples do add up. It will make you feel good not to drink for a while. It will also be good for your bank balance.

When you think that a bottle of wine costs around a fiver these days (at a bargain price), and also that much for a glass of wine when you go out (if you are lucky), then you really are looking at a cost-saving of over £100 a month (ahem). Ok, let’s look at this again. We could also be looking at a cost saving of £400 for the month unless you are lucky enough to have a work expense account to hide the damage.

Give up eating out

It might sound boring, but take a packed lunch with you for the rest of the month. It’s amazing how much you can spend on lunches, anything from £5-10 a day when you work in the city. Over a month, that can equate to £135-270! Start looking at cheap, fun lunches to take to work with you instead of queuing up for another Pret sandwich. Buy in bulk at the supermarket at the weekend, and you can even start eating more healthily too!

Ditch eating out

We have all done it. Decided to eat out with friends after work instead of going home, especially when it’s only a meal for one. However, try not to eat out for the rest of the month unless it is someone’s birthday or a special celebration. Even then, you can meet everyone for drinks instead and ask politely to join after the meal. It’s always a nightmare when you end up paying more at the end of the meal for stuff you haven’t eaten, and to compensate for somehow, there never being enough to pay the full amount for the meal despite everyone insisting they paid their fair share. If a meal costs around £25 (if you are economising), you will save around £100 a month at the very least by not eating out this month.

Absolutely no takeaways

In all fairness, I don’t tend to order takeaways unless I am on the way home after a couple of drinks or with a significant other. Why do boys like to order takeaways so much? Ditch the takeaways this month. Unless of course, he’s paying…

Give up smoking

What better time to give up smoking than now? It costs so much these days for a start. This is the perfect time as you don’t have the pressure of Christmas parties to get through with everyone drinking and it’s not yet the summer when everyone is out drinking after work and smoking outside. Download an app like this by David Crane, which helps you with your cravings and shows how much you save each day just to spur you on! Saving on the smokes could save you around £160 a month! It’s also bad for you. So just stop. Now.

Group lattes

Or give up your morning lattes…

When you haven’t time to make a drink of the caffeine variety in the morning and work is a half-hour commute away (at least), treating yourself to a latte in the morning doesn’t seem like a treat. It seems mandatory. However, having used a spending app for a couple of months, those cheeky lattes in the morning add up. Not as much as a cheeky wine on the way home of course.

Ditch those daily lattes, and you could save £66.15 this month! You can pay off a credit card bill or buy something nice at the end of the month instead. Again, if you look at how much you could save during the year, it is worth getting up just 5mins earlier just to have a coffee before you head out of the door.

Good luck!  

Let us know if you have any top tips in the comments below.

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