Switch Credit Cards – Save £1,360
If you have credit card debt, switching to a 0% balance transfer card can save you £1,360. Check comparison sites like Money.co.uk or Moneysupermarket.com before applying. Remember to use a soft search eligibility checker to protect your credit score.
Create a Personal Budget – Save £100s
Keep track of your expenses by setting up a simple Excel spreadsheet or using an account book. MoneyHelper offers free budgeting tools to help you manage your outgoings and save hundreds of pounds.
Cancel Subscriptions – Save £500
Cut back on subscription services like Amazon Prime and Netflix to save around £500 a year. Consider switching streaming subscriptions to save even more money.
Slash Shopping Bills – Save £818
Avoid convenience stores and shop at bigger supermarkets to save money. According to Which?, regularly shopping at Tesco Express can cost you £817.91 more annually than shopping at a Tesco supermarket.
Switch Current Accounts – Get £200 Free Cash
Open a FlexDirect account with Nationwide and deposit at least £1,000 a month to receive £200 as a welcome gift. Nationwide also offers 5% interest and a 0% overdraft. Don't forget to compare offers before switching, and use the Current Account Switch Service for an easy transition.
Open a Help to Save Account – £1,200 in Four Years
If you receive working tax credits or Universal Credit, open a Help to Save account. The government will give you 50p for every £1 you save, and you can save between £1 and £50 per month. After two years, you'll have £1,200 saved, plus a £600 bonus. Save for four years, and you could have up to £2,400.
Speak to a Debt Expert – Save £100s
Get the help you need to manage your debt by speaking to a debt expert. Organizations like Citizens Advice, MoneyHelper, and StepChange can assist you in getting out of debt and saving you money in the long run.
Did you miss our previous article…
https://hellofaread.com/money/savvy-saver-shares-how-she-stashed-800-with-a-nifty-tool/
