Six simple tips to save over £3,000 a year when living alone

Install a water meter – save £660

Those living in a home with fewer people than there are bedrooms could save a significant sum of money on their water bill by installing a water meter.

Experts at Vouchers said: “Estimated water bills are done so by basing average water cost on the size of your house and how many people they believe should be living there.”

However, they continued: “Installing a water meter tracks your real usage. Some members of the MSE forum discovered that by changing to a water meter, they saw savings of £660 in just one year.”

Supermarket loyalty cards – save £120

Depending on how much a person spends in-store, different loyalty supermarket cards can provide different benefits.