Whether you’re saving up for the holiday of your dreams, buying a new car, or even getting a rainy day fund, saving money can feel like a real drag if you’re not approaching it in the right way. That’s why we’ve put together a few of our favourite money-saving tips and tricks to get you on your way to achieving your goals.
We absolutely love this challenge, as it really lets you ease your way into it and it’s only towards the end of it you feel like you’re putting away big chunks. The idea is to put 1p away on day 1, 2p on day 2, through for a full year. You end up with over £650 which is a nice little pot of cash, and where you don’t really notice pennies leaving your account, they add up fast in your account.
You’d be surprised how much we spend away on a weekend without even realising it. Maybe you’re popping out for breakfast with your friends, then grabbing a quick lunch on the go, stopping off at the shop on the way home to pick up some bits and bobs – it adds up quickly and often has us sat there on a Sunday night thinking ‘but I barely did anything!’. Dedicating days to be ‘no spend’ stops that – and what we recommend is that at the end of the no spend period, anything you would have spent goes into your savings. Trust us, that iced coffee and panini is nothing compared to seeing your savings pot grow and grow.
We’re all guilty of it – seeing that big yellow sticker that tells us there’s a huge discount on. Typically, we see that and think ‘great, we’re saving money on that’ – but half the time, we wouldn’t have bought it anyway, so you’re actually losing money. This is especially true for big sales like Black Friday and Cyber Monday. The best advice we can give you is to only entertain discounts on things that you were intending to buy full-price anyway.
What are your saving goals this year? Tag us on socials to share your top tips and what you’re saving for.