Save £4000 per-year by doing it yourself!
  • last year
For so many of us, it’s easier to pay somebody else for a job. Making coffee, getting our nails done, mowing the lawn, or even washing our car.
Outsourcing jobs which we may find tedious or believe somebody else can do to a better standard, has become commonplace. We may not realise just how much money we could save if we opted to take on some of the jobs ourselves.
According to research by Capital One UK as part of their Consumer Skills Index, which highlights a list of top skills we choose to rely on others for, almost half of us (49%) choose to spend money on a coffee and over a third of us (37%) pay to get our cars washed.
Alarmingly, Brits are racking up over £4,000 a year on outsourcing such jobs which include, but aren’t limited to, takeaways (£376), beauty treatments (£398), and basic car maintenance (£438).
Part of why we outsource so often is, according to a quarter of us, not wanting to do the task ourselves. But for well over half of the country (58%) the real reason lies in our belief that we lack the necessary skills to undertake such tasks. For example, people Google “how to change oil on a car” over 800 times a month and a staggering 33,000 of us Google to discover how to bleed a radiator.
When it comes to the ultimate ‘fakeaway’, we’re hitting Google searches hard for that as well, with over 2,500 searches a month looking for fakeaway recipes, and a further 1,000 searches a month specifically looking for Chinese fakeaway recipes.
To help tackle such knowledge gaps in so many areas, Capital One UK is also launching the UK’s first ever ‘Save Per View’ TV channel. The channel, which will be hosted on their website, will produce an array of ‘how to’ content, teaching viewers skills that will help them save money in their day-to-day lives – and hopefully see those Google searches decrease.
With household finances continuing to be squeezed, nearly half of the population (45%) are concerned about how much they spend on external services, and two thirds of us have felt that worry increase since inflation began. Despite trying to cut back, a quarter of people found they were unsuccessful in doing so.
For so many of us, finances are a constant struggle and finding new ways to save a penny here and there is a stressful task. Nearly a half of Brits worry about their finances on at least a weekly basis.
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