As an NHS staff member, you are likely aware of the daily financial challenges that come with the job – especially during recent times. From the high cost of transportation to the need for comfortable work shoes, it can be difficult to save money while working for the NHS. However, there are a number of ways for NHS staff to save money and make their hard-earned wages go further.
- Take advantage of employee discounts: Many companies offer discounts to NHS staff, including retailers, travel companies and insurance providers. Some retailers don’t advertise the fact that they offer discounts to healthcare workers, so be sure to ask about discounts when making purchases or inquiring about services. And don’t forget – when shopping online don’t forget to use the NHS Discounts website.
- Car share or use public transport: The cost of transportation can be a significant expense for NHS staff, especially if you live far from your workplace. Car sharing or using public transport can save money on fuel and parking as well as vehicle maintenance costs.
- Take advantage of tax relief: NHS staff members may be eligible for tax relief on certain expenses such as professional subscriptions, uniforms and work-related travel. Be sure to check with your employer or an accountant to see if you qualify for any tax relief.
- Invest in comfortable and durable work shoes: As an NHS staff member, you may be on your feet for long periods of time. Investing in comfortable and durable work shoes can save money in the long run by reducing the need for frequent shoe replacements. Not to mention any health conditions that can be avoided by wearing comfortable shoes.
- Use coupons and promotions when doing the food shop: Many supermarkets offer coupons and discounts for NHS staff. Be sure to take advantage of these offers when doing the weekly food shop.
- Plan your meals and make a shopping list: Meal planning and making a shopping list can help you to stay within your budget and avoid impulse buys. It’s a great way to save money and also offers something to do when you’re feeling bored at home.
- Take advantage of staff benefits: Many NHS organisations offer staff benefits such as discounted gym memberships, health insurance, and childcare. Be sure to take advantage of these benefits wherever possible to save money – you’ve earned them.
- Review your bills regularly: Reviewing your bills regularly can help you to identify any unnecessary expenses, such as subscriptions you no longer use, and take steps to eliminate them. It can also help you notice any mistakes or errors, such as if you are being overcharged for something.
- Save for retirement: As an NHS staff member, you may be eligible for a pension plan, which can provide a significant source of income in retirement. Be sure to take advantage of this benefit and start saving for retirement as early as possible.
- Get a side hustle: Having an extra income is always handy, even more so for NHS staff. If you have a particular skill that you think you can monetise, then why not give it a go? Not only are you likely to make some spare change, but you will also learn something new and might even meet new people. Just make sure it’s legal and be safe.
And there you have it. In these difficult times we all struggle to make ends meet sometimes, and NHS nurses are no exception. Hopefully by adopting just a couple of the above tips you’ll be able to save a few pounds and help your money go further this year.