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Saving money in 2021

We all need to save money for that rainy day, but here are a couple of tips that you may have overlooked. Cancel automatic subscription accounts We all have monthly subscriptions to various things in the digital age, but do you really need them?  Evaluate what you are subscribed to and remove the redundant ones. You will be surprised what you save. Try a shopping savings extension/app If you shop online a lot, why not download a savings app like Honey.  They search the internet for codes people have used on their shopping to see if it applies to yours. It’s a quick and easy way of saving money on things you already buy. Do you watch all those channels? If you have something like Sky, chances are you are...

Money saving made simple

There can be many reasons behind needing to save up money, should that be a big travelling adventure, a deposit for a new home, a family holiday or simply just to build up savings. It can be easy to say you want to start saving, it’s putting that into action which can make it more difficult. There are a few tips that may help you start off the savings process: – Plan your incoming and outgoings- Writing down exactly what you earn and spend each month will help give you an idea of where you are spending money, and areas in which you can save money. Providing yourself with a visual list can help you make wise choices in where to cut back each month. – Get a money management...

Sorting out your pension plans early

Starting a pension plan as early as possible is extremely beneficial, and you will certainly thank yourself later in life. You are never too young to start thinking about your long term money plans. As you leave education and begin working, your employer will talk to you about a pension scheme, and will discuss with you about how much you wish to contribute. Pension contributions are done in percentages and you can begin with the minimum amount or start at a higher contribution and reassess how you are managing with current finances. Your pension contribution amount can be changed at any time, but it is always to keep your percentage as high as you can manage, as this will benefit you once you retire. Many young people put their pension...

Create a saving plan with your bank

If you are struggling to save money, you may want to seek advice from your local bank’s customer advisor. Book in to have a meeting regarding creating and managing a personal saving plan. Banks can offer valuable advice regarding the type of saving account to open that best suits your needs and requirements. They can also offer money saving plans and ways on spending less and saving more. You can create automatic money transfers from your current account to your savings account, on or after your payday. That way you will be contributing towards your savings account before you end up spending it during the month from your current account. If saving is currently unfeasible, your bank can offer you an arranged overdraft, that you can use if you become...

Ways to save money for the purpose of buying a house

In life, every person’s wish is to have a house, right? Actually no, this isn’t entirely true because one is confronted with other factors and problems that make saving difficult. Before beginning to save, ensure you have a value that you want to meet. Generally, your house should not be in the excess of 28 percent of one’s basic salary. So do consider this, plus the following: Your time-frame and making it achievable. Make saving for the house part of your budget. Ensure that you have a plan of saving. Ensure you save any extra income earned and make it part of the saving. Ensure your house savings are flexible. Make sure that you choose a house that suits you and is affordable. Get some of the trending useful information...