Saving money

Smart savings!

Once you feel that you have got your budget in order and have been living with it for a few months you might find that you can start to save a few pounds here and there. The following tips can help you on your way to start saving.

1. Set yourself some savings goals - make a list of things you are saving for, you'll find you're more motivated to save if you see it on paper. You can search online for a handy savings calculator to help you work out how much to save to reach your savings goal.

2. Set up a standing order to a savings account - set the date for the standing order to come out on the day you are paid. Try for a small amount to begin with, once you get use to not having that money you could increase the amount you are able to save.

3. Check that you are getting the best value on your utilities - the potential savings you could make could start you off on savings. There are many websites available where you can check your utility providers against others.

4. Start a piggy bank - any lose change you can spare you can start to put in a piggy bank. After a while it will soon start to add up. This is also a fun thing to do with your children and teach them some simple maths along the way.

5. Think before you buy - if you buy a coffee everyday may be try to cut it down to every second day. The money you save on not buying coffee could be put aside for saving.

6. Get organised and save your lunch money. Buying your lunch everyday can become very expensive. Try bringing food that you have made the night before. This money could go towards your savings instead.

These are just a few ways you could save some money and start putting that way for a rainy day.

Where can I go for help and advice

Good money habits