Regular readers of this blog will be conscious of my consistent advice to save money and create additional sources of income, especially passive income, as the bedrock of sound financial planning.

I have recently made the decision to become both a member of, and a partner in, Utility Warehouse which is a discount club. Utility Warehouse is owned by Telecom Plus PLC which is a FTSE 250 Share Index company and is a multiple national awards winner from a number of organisations including the demanding Which? magazine. You may not have heard of this company because they do not spend money on expensive advertising, preferring to promote their service by word of mouth referrals instead.

Utility Warehouse provides a number of services which give proven annual costs savings backed up by excellent customer service. Their main services are:

  • Phone and broadband
  • Mobile
  • Energy
  • Free LED lightbulbs
  • Home insurance
  • Cashback card
  • Gourmet Club card

If you take their Gold Energy or Double Gold bundle you become entitled to their free light bulbs service. This service involves Utility Warehouse replacing all of the existing light bulbs in your house with LED light bulbs for free! A first year saving worth £300 per household on average. LED light bulbs use 15% less electricity than ordinary light bulbs and the saving is for life as Utility Warehouse will replace your light bulbs with new LED ones for as long as you remain an energy customer.

I really like the Cashback card which gives you cashback of 3%-7% which is offset against your monthly Utility Warehouse bill at over 40 well known retailers in over 2,000 stores nationwide and online. Retailers available include M&S, Boots, Sainsbury’s, B&Q and e-Bay. Average savings of £300 a year are achievable.

The Gourmet club card offers discounts at many well known restaurants throughout the country. Again the average savings, if you dine out regularly, total £300 a year. So good news if you are a foodie!

So the light bulbs, the cashback card and the Gourment card are estimated to save you £900 in the first year alone before you even consider the savings from the other services by switching providers for phone and broadband, mobile, energy and home insurance.

Furthermore all of the services come with one monthly bill which simplifies your life even more. Their award winning customer service will be very welcome too considering how bad customer service tends to be from utility companies generally. I have personally experienced their service as a member, a customer in other words, and I must say it’s great the way you are treated by their staff. They have created a totally customer-based service which is efficient, friendly and helpful. It is a joy compared to the shabby customer service treatment you usually get from utility companies.

Unless you are the type of person who has the time, inclination and skill to review your household and mobile phone bills every year it is hard to imagine how you would not save money using Utility Warehouse. As I could see the obvious cost savings I immediately signed up to become a customer.

Will you get the absolute cheapest rates for every single service? Probably not but what you will get is great customer service, lower bills than you are currently paying and time saving as a result of not having to shop around every year for more competitive deals and the simplicity of one monthly bill!

If you were to shop around annually for a better deal on all of these services it would take up a lot of your time and you probably still wouldn’t be any better off because of the significant savings from Utility Warehouse’s 3 non-Utility services. Let’s face it Utility Warehouse is a discount club after all!

I also joined as a partner in order to be able to offer the service to both private individuals and businesses.

Furthermore if you want to earn extra money, mostly passive income, just working part-time for a few hours a week, you can become a partner too and offer the service to people you know.

So what are you waiting for? If you want to reduce your costs and/or earn more money do get in touch with me or by following the link to my Utility Warehouse site, by emailing me or giving me a call. You know it makes sense.