10 Tips For Successful Saving

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10 Tips For Successful Saving

 

  1. Light More Efficiently

Changing you home light bulbs can save money on your electricity bill, many supermarkets have great deals on LED bulbs, which are over 70% more efficient than traditional bulbs.

 

  1. Swap to Save

Could you swap a short bus or train journey to save on you commute? What about tap water instead of bottled when travelling or in a restaurant.

 

  1. Save When You Are Paid

Saving money as soon as you are paid is easier than trying to save later in the week or month, set up a direct debit into your savings account or an ISA just after payday.

 

  1. Loose Change

Put your loose change at the end of the day into a jar or bowl, after a while count it up and drop it into your bank account for a savings top up.

 

  1. Round Up Your Card Spending

There are lots of apps that round up card payments and conveniently invest those pennies into a savings account or tax free ISA, watch that change add up!

 

  1. Make a Physical Investment

Buying physical silver or gold can represent a good long term investment, buy a coin or bar every month, many bullion dealers will even store it for you!

 

  1. Reusable Coffee Cup

Get yourself a reusable coffee cup and save up to 25p on a cup of coffee, stick with it and you can save over £80 in a year!

 

  1. Track Your Spend

Use Excel or similar to record your spending, a bit mundane but it will highlight where you can save at the end of the month.

 

  1. Keep a Goal in Mind

Holiday? New car? Retirement? Keep your goal in mind when payday comes it’s easier to put some money aside using direct debit to transfer an amount as soon as you are paid.

 

  1. Popping to the Shops

Need a midweek top up shop at the local store? Could you walk instead of driving? Don’t forget those shopping bags as many stores will charge for them.

Debt management agencies are regulated by The Financial Conduct Authority

Many people in the U.K struggle with debts and many do not know how to start to repay them speaking to a debt advisor is one of the best things you will do along with taking action yourself by speaking directly with your creditors.

https://www.nationaldebtline.org/ and https://www.moneyadviceservice.org.uk

 

You should always seek professional advice when handling debt problems. Cashute are not licensed debt advisers and any information contained in this article should not be taken as legal advice. It is your Responsibility to seek out correct legal advice

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk