Many of us will have good intentions when it comes to saving, promising ourselves to spend less and save more. However, more often than not our good intentions things get in the way that stop us
But we can offer you a few tips on how you could save a few pounds in the coming months.
Double check the supermarket’s premium or mis-shape ranges
Many of us are tempted by the more expensive ranges that appear to be better quality. However, especially with vegetables, check the farm the product originates from – you could simply be paying for a potato that’s been washed rather than one that hasn’t.
Take your lunch to work
Buying lunch every day can cost a small fortune and we're often tempted to buy the more expensive things that are higher priced because they are convenient. Save money by buying multipacks and bringing your lunch with you. Or, by cooking a little extra at dinner time, you'll have an easy and delicious lunch prepared for the following day. Just think by making these small changes, you could up saving between £720 to a £1,200 a year!
Try not to shop hungry or tired
This may sound obvious, but when we are hungry or tired everything looks more appetising. Eat before you go, and make a list to ensure you limit the impulse buying.
Buy presents throughout the year.
Sales are happening increasingly throughout the year. By buying birthday and Christmas presents as and when you see them at a good price, not only can you spread the cost more evenly, you'll also be taking advantage of the best deals.
Save for big occasions
Setting up a savings account or ISA means that you can put away a little of your pay every month for emergencies and big occasions.
Check your overdraft details
If you’re in your overdraft, make sure you stay within your agreed authorised limit. Better still, if you’ve any savings use them to pay off your overdraft, because if you use an unauthorised overdraft, it’s likely to incur more charges and higher interest rates. Speak directly to your bank or building society if you unsure about what your limit is, the charges you may incur, or if you have problems in managing your overdraft.
Compare your household bills
Checking your household bills such as gas and electricity could tell you if you're paying more than others in your area for the same service. You can also compare broadband and TV providers and cut your annual spend across all of your utilities.
When you come to the end of the special deal period on your mortgage, its worthwhile looking to the market to see what else is currently on offer. If you have owned your property for a few years, it could be worth significantly more than your outstanding mortgage. Re-mortgaging can be a good way to escape high variable interest rates and take advantage of some of the current fixed-rate, tracker or discount mortgages, which may well have much lower rates.
Click for details of our current mortgage and savings products,or better still, call into your local branch and speak to a member of staff.