Money saving tips: Six easy ways to keep savings alive during the cost of living crisis | Personal Finance | Finance
He shared: “Once you’ve planned out your budget and know how much you might be able to stash away each month, you can then set some savings goals and put money aside. It works best if you have some clear future goals for the savings, like a holiday, a car or if you’re really lucky a house. Be realistic about how much you can spare each month without dipping in and stick to it.”
Buy used
At a time when the price tags in high street shops are almost enough to break the bank, savers could be far better off looking for alternatives such as second-hand items.
Apps like Depop, reGain and By Rotation were advised by Mr Wilkinson as they enable savers to get second-hand items without having to leave their couch.
Settle debts then save
Often people will try to pay all of their monthly expenses, put money towards their debts and save all in one paycheque, which can be incredibly stressful.
