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Irish Mirror
Irish Mirror
National
Rebecca Daly

Five tips to save money you may not know amid Ireland's cost of living crisis as even RTE stars save hundreds

Amid the rising cost of living, many people are trying to cut down costs wherever they can.

While some may have already conquered the obvious ways to save money, there are a number of tips and tricks that some may not know about.

Even RTE's Daithi O'Se has benefitted from one of these hacks, while Joe Duffy was blown away by the advice some of his listeners had.

Read more: Tragic Dublin twins were callously thrown out top window of Tallaght home after being stabbed

Here are just five methods you can adopt to try and reduce costs this autumn and winter.

Timing is important

Earlier in the year, the Government advised people to promote efficiency and highlight the support available to those struggling with rising inflation through their campaign, ‘Reduce Your Use’.

One of the ways they recommended that could help people to save money was by choosing when to use appliances carefully. Avoiding the hours between 4 and 7pm could help to cut costs as this is the peak period for usage.

As well as that, the campaign advised people to use cookers, tumble dryers, washing machines, showers and kettles efficiently.

Here are some more tips from the Reduce Your Use campaign.

Be aware of your mortgage rate

Experts have warned that mortgage holders on either variable or fixed rates with less than two years to run need to act now to avoid challenging repayment hikes.

Those rolling out of historic low fixed-term contracts in the next few years will face immediate rate increases of more than 1%, it is understood.

Homeowners are paying an average €4,595 in extra mortgage repayments per year by not switching lenders, the quarter two doddl.ie mortgage switching index found.

This is almost €500 more than 12 months ago, it said.

Read more about this here.

Switch suppliers

This tip has been Daithi O’Se-approved, as the RTE star took to Twitter to show his massive saving.

Daithi had Conor Pope to thank for this, as the Irish Times journalist shared how to knock hundreds off your energy bill on Friday’s Late Late Show.

Pope said households could save up to €1,000 every year just by switching energy provider.

Speaking on the show, he said: “500,000 households have not switched, every single one of those households is wasting money. I’m not talking 50 quid, or 70 quid - they’re all wasting up to €1,000 a year.

“Because the way the business works is when you move from company A to company B, they give you a discount of up to 40% for the first 12 months. But if you don’t move after the 12 months, you go back up to paying the standard rate which is 40% higher.”

Find out more about this hack and Daithi’s impressive saving here.

Use the kettle

RTE’s Joe Duffy asked listeners to call in with any tips they had to save money. He was blown away by one caller’s simple hack to use when cooking dinner.

The money-savvy listener recommended “just something very simple” when it comes to boiling potatoes. He said: “It saves a lot of energy if you actually boil a kettle of water and put your six or seven potatoes into the pot.

“Throw the boiling water into the potatoes. Put on your gas, let it come to a boil for about 5 minutes.

“Leave it there. Half an hour later, the potatoes are done, and it actually works Joe. It prevents you from leaving the gas on for 20 minutes, half an hour, steaming up the whole house."

This trick also works for carrots and turnips too.

Re-use hot water

Another hack involving a kettle was shared with Joe Duffy, as one caller shared what her mother used to do.

She said: "My dad every morning had a soft-boiled egg for his breakfast, and he didn't believe in porridge. He always said that was a false filler.

"So anyway, he would have his soft-boiled egg. My mam would make the tea and then when she'd made the tea, she would put the egg - the uncooked egg - into the kettle and cook his egg."

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