Money expert shares one crucial way you can cut your costs

With winter on the way, you might be worried about your spending but there's one way you can cut down costs that you might not have thought of.

Some costs are essential so you might feel like it's not an option to slim them down and reduce your outgoings. But, by looking around and doing some research, you might be able to reduce the costs of your all important bills.

Experts at Money Magpie have suggested one way you can lower your monthly costs and it's to do with your phone bill.

Phone bills can be expensive, but it's always an option to look around for a better deal.

Money Magpie says: "There are loads of mobile networks out there and they are all fighting over your business.

"That means you've got the upper hand. The average mobile bill spend is £35-40. If you are paying more than this you shouldn't be.

"Get on the phone to your provider and see if you can get a cheaper deal. If they won't play ball, find a new contract using a free mobile comparison service.

"You don't have to spend as much as £35. If you've already got a decent phone, the SIM-only tariffs are such good value for money. They'll get you loads of minutes and texts for as little as £15 a month."

Cutting down your phone bill is a smart financial move that can lead to significant savings over time. Many people overpay for data, minutes, or features they rarely use.

Switching to a more affordable plan, using Wi-Fi for calls and data, or opting for prepaid options can reduce monthly expenses.

Trimming this recurring cost frees up money for essentials, savings, or paying off debt.

Lowering your phone bill is a small but effective step toward financial stability, reducing waste, and making better use of your income for long-term goals.