{"id":36078,"date":"2021-02-15T09:25:00","date_gmt":"2021-02-15T09:25:00","guid":{"rendered":"https:\/\/www.ratedpeople.com\/blog\/?p=36078"},"modified":"2021-02-12T17:25:59","modified_gmt":"2021-02-12T17:25:59","slug":"8-money-saving-tips-for-tradespeople","status":"publish","type":"post","link":"https:\/\/www.ratedpeople.com\/blog\/8-money-saving-tips-for-tradespeople","title":{"rendered":"8 money saving tips for tradespeople"},"content":{"rendered":"\n<p>Whether you\u2019re just starting up or you\u2019re a long-timer in a trade, budgeting is a key skill for all self-employed tradespeople. But, with all the other responsibilities that come with running your own business, you can quickly run out of time to spend on streamlining your finances.<\/p>\n\n\n\n<p>If you\u2019re looking for ways to cut your everyday expenses quickly and easily, check out our 8 money saving tips specifically for tradespeople, below.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Use discount codes<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"511\" src=\"https:\/\/www.ratedpeople.com\/blog\/assets\/2021\/02\/money-saving-tips-1.jpg\" alt=\"Money saving tips: Man using laptop in coffee shop\" class=\"wp-image-36080\" srcset=\"https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12102339\/money-saving-tips-1.jpg 766w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12102339\/money-saving-tips-1-498x332.jpg 498w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/figure>\n\n\n\n<p>Building materials and fuel are amongst the supplies that you expect to buy on an almost daily basis as a tradesperson. Make those inevitable costs cheaper by using discount codes when you\u2019re buying them online.&nbsp;<\/p>\n\n\n\n<p>At Rated People, we\u2019ve made it easier for our tradespeople to find relevant discount codes by offering over 200 discounts in one place \u2013 Member Benefits Premium. There are discounts available at trade counters, fuel pumps, on your business bills and more.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><strong><a href=\"https:\/\/www.ratedpeople.com\/blog\/save-money-daily-with-rated-peoples-member-benefits-premium\" target=\"_blank\" rel=\"noreferrer noopener\">Read more about how to save money daily with Rated People\u2019s Member Benefits Premium.<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Take advantage of free van advertising<\/strong><\/h2>\n\n\n\n<p>By branding your van, you can promote your business to thousands of pedestrians and other road users, 24\/7. Plus, it\u2019s a low-cost way of advertising your services, because the space on your van is free advertising space. So, once you\u2019ve paid for your branded stickers, wraps or signs, you won\u2019t have to pay for anything else!<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><a href=\"https:\/\/www.ratedpeople.com\/blog\/van-branding-to-make-your-van-stick-out\"><strong>Find out what the different van branding options are on our Trade Advice Centre.<\/strong><\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Be more energy-efficient<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"511\" src=\"https:\/\/www.ratedpeople.com\/blog\/assets\/2021\/02\/money-saving-tips-2.jpg\" alt=\"Money saving tips: Electric van charging\" class=\"wp-image-36081\" srcset=\"https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12102344\/money-saving-tips-2.jpg 766w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12102344\/money-saving-tips-2-498x332.jpg 498w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/figure>\n\n\n\n<p>Not only will making the switch over to greener products reduce your carbon footprint, but it\u2019ll also help you save money on energy bills, fuel and food costs:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Switch to an electric vehicle:<\/strong> A low emission vehicle will mean you avoid any daily clean air zone charges. Plus, the cost per mile of electricity is lower than petrol or diesel, and electric vehicles often have lower maintenance costs. This is because they have fewer moving parts that could need fixing or replacing.<\/li><li><strong>Install a smart heating system:<\/strong> Do you have an office? If you do, move over to a smart energy system to see the cost of the energy you\u2019re consuming and ways to reduce your usage, on your smartphone or computer.<\/li><li><strong>Buy reusable products:<\/strong> Once you\u2019ve paid the upfront cost of flasks and reusable water bottles, you won\u2019t have to cough up the cash to buy drinks every time you\u2019re on a job. So, they&#8217;ll pay for themselves after a few uses! Plus, it\u2019ll help you reduce contact with the homeowner, which is essential for <a href=\"https:\/\/www.ratedpeople.com\/blog\/working-in-homes-safely-during-covid-19-a-guide-for-tradespeople\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>working in homes safely during COVID-19<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><strong><a href=\"https:\/\/www.ratedpeople.com\/blog\/tips-to-make-your-business-more-eco-friendly\" target=\"_blank\" rel=\"noreferrer noopener\">Check out more tips on making your business more eco-friendly.<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Claim allowable expenses<\/strong><\/h2>\n\n\n\n<p>Uniforms, protective workwear and work-related fuel costs are all examples of business expenses that you don\u2019t have to pay tax on. Plus, there are certain items that you use for both business and personal use, which you can partially claim as allowable expenses.&nbsp;<\/p>\n\n\n\n<p>Keep records of all your business expenses and put the details on your Self-Assessment tax return.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><a href=\"https:\/\/www.ratedpeople.com\/blog\/taxable-and-allowable-expenses-for-self-employed-tradespeople\"><strong>Find out exactly what taxable and allowable expenses are for self-employed tradespeople.<\/strong><\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Automate your admin<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"289\" src=\"https:\/\/www.ratedpeople.com\/blog\/assets\/2018\/05\/lead-tabs-colours-header.jpg\" alt=\"Lead tracker feature on Rated People Trades app\" class=\"wp-image-28119\" srcset=\"https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2018\/05\/30115757\/lead-tabs-colours-header.jpg 620w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2018\/05\/30115757\/lead-tabs-colours-header-609x284.jpg 609w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p>The average UK small to medium sized business spends around three months on admin every year, <a href=\"https:\/\/www.sage.com\/en-gb\/blog\/reduce-admin-grow-business\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>according to Sage<\/strong><\/a>. That\u2019s precious time that you could be spending on the tools! Reduce the amount of time that you spend sending invoices, by upgrading to <a href=\"https:\/\/www.ratedpeople.com\/blog\/5-simple-tips-for-speedier-invoicing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>automated e-invoicing<\/strong><\/a>.<\/p>\n\n\n\n<p>Plus, with a Rated People membership, you\u2019ll save time on arranging your job leads through our exclusive <a href=\"https:\/\/www.ratedpeople.com\/blog\/its-now-easier-to-manage-your-leads-using-the-trades-app\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Lead Tracker feature<\/strong><\/a>. It shows you the details of each of your leads (from Rated People and elsewhere), as well as how much value each lead\u2019s bringing in, in one place.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div><span style=\"background-color: #f3f3f3; margin:auto; border-radius: 8px; border: 1px solid #bfbfbf; color: #211c23; display: inline-block; font-size: 16px; line-height: 28px; letter-spacing: 1px; text-align: center; text-decoration: none; width: 100%; padding: 20px;\">Access 75,000 leads a month and build your reputation online.\n\n<br><a style=\"background-color: #84b818; border-radius: 8px; color: #ffffff; display: inline-block; line-height:23px; color: #ffffff; text-transform: uppercase; letter-spacing: 1px; text-align: center; text-decoration: none; width: 260px; margin-top: 30px; margin-bottom: 20px; padding-top: 10px; padding-bottom: 10px;\" href=\"https:\/\/www.ratedpeople.com\/tradesmen\/signup\/enquiry#form-section\"><font color=\"#ffffff\">Enquire now<\/font><\/a>\n\n<\/span><div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Shop around for van insurance premiums<\/strong><\/h2>\n\n\n\n<p>Noticed your van insurance quotes steadily increasing every year? There are some things that you can do to cut down the price you&#8217;ll pay.<\/p>\n\n\n\n<p>When it\u2019s time to renew your insurance, don\u2019t just accept the auto-renew quote. Spend some time shopping around, improving your van and, if you\u2019re up to it, haggling. You could dodge a price hike or even lower your premium.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><a href=\"https:\/\/www.ratedpeople.com\/blog\/10-essential-tips-to-save-money-on-your-van-insurance\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Take a look at 10 essential tips to save money on your van insurance.<\/strong><\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Apply for government financial support if you\u2019re facing reduced demand<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"400\" src=\"https:\/\/www.ratedpeople.com\/blog\/assets\/2020\/03\/corona-business-hmrc.jpg\" alt=\"\" class=\"wp-image-31386\" srcset=\"https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2020\/03\/20164845\/corona-business-hmrc.jpg 766w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2020\/03\/20164845\/corona-business-hmrc-609x318.jpg 609w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/figure>\n\n\n\n<p>The government has put together a package of coronavirus support worth billions, to support UK businesses facing difficulty during the COVID-19 pandemic. There are cash grants, loans and more available to support you if you\u2019re facing reduced demand.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e7e7e7\"><a href=\"https:\/\/www.ratedpeople.com\/blog\/coronavirus-government-support-for-tradespeople\"><strong>Read more about the latest coronavirus government support for tradespeople.<\/strong><\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Invest in your tools<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"521\" src=\"https:\/\/www.ratedpeople.com\/blog\/assets\/2021\/02\/money-saving-tips-3.jpg\" alt=\"Toolbox from high angle\" class=\"wp-image-36087\" srcset=\"https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12104213\/money-saving-tips-3.jpg 766w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12104213\/money-saving-tips-3-488x332.jpg 488w, https:\/\/rp-prod-wordpress-b-content.s3.amazonaws.com\/assets\/2021\/02\/12104213\/money-saving-tips-3-220x150.jpg 220w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/figure>\n\n\n\n<p>Your tools are essential to your business, so it\u2019s important to take care of them. If you invest in quality and robust tools from the start, then it\u2019s less likely that you\u2019ll need to replace them later down the line. This makes them cheaper in the long run \u2013 plus there are other benefits. High quality tools often give your work a better finish, help you avoid injury through an ergonomic design and can help you complete your work more efficiently.<\/p>\n\n\n\n<p>That being said, specialist tools can be expensive to buy or replace. Get tool insurance to cover the cost of replacing your tools if they\u2019re lost, stolen or damaged, so you won\u2019t have to fork out for a whole new set at once or be forced to turn down clients whilst you\u2019re out of action.<\/p>\n\n\n\n<p>From tools to gadgets, there\u2019s deals on insurance packages available to our tradespeople on Rated People Member Benefits Premium. If you\u2019re not already a member of Rated People, fill in our form and we\u2019ll call you back for a chat.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div><span style=\"background-color: #f3f3f3; margin:auto; border-radius: 8px; border: 1px solid #bfbfbf; color: #211c23; display: inline-block; font-size: 16px; line-height: 28px; letter-spacing: 1px; text-align: center; text-decoration: none; width: 100%; padding: 20px;\">Access 75,000 leads a month and build your reputation online.\n\n<br><a style=\"background-color: #84b818; border-radius: 8px; color: #ffffff; display: inline-block; line-height:23px; color: #ffffff; text-transform: uppercase; letter-spacing: 1px; text-align: center; text-decoration: none; width: 260px; margin-top: 30px; margin-bottom: 20px; padding-top: 10px; padding-bottom: 10px;\" href=\"https:\/\/www.ratedpeople.com\/tradesmen\/signup\/enquiry#form-section\"><font color=\"#ffffff\">Enquire now<\/font><\/a>\n\n<\/span><div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re just starting up or you\u2019re a long-timer in a trade, budgeting is a key skill for all self-employed tradespeople. But, with all the other responsibilities that come with running your own business, you can quickly run out of time to spend on streamlining your finances. If you\u2019re looking for ways to cut your &hellip;<\/p>\n","protected":false},"author":61,"featured_media":36087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093,2944],"tags":[2171,3164,3113,2872],"class_list":["post-36078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-advice","category-trade","tag-how-to-save-money-on-your-bills","tag-money-saving-tips","tag-trade-feature","tag-tradesman-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money saving tips for tradespeople | Rated People<\/title>\n<meta name=\"description\" content=\"Cut the everyday costs of running a trades business quickly and easily, with Rated People&#039;s 8 money saving tips for tradespeople.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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