But is it that easy to stop some of our unnecessary spending habits to save a few quid?
Well if we note down exactly what we spend in a week, it may be much easier to stop when we see in black and white the reality of how much we’re spending. Generally though, we all still need a little motivation when it comes to savings, a specific goal to work towards.
Hopefully these insights have given you a little motivation to kick-start a review of your savings. However, if you’ve ever asked yourself where your money goes, or why you always seem to spend before the next pay day, you need to consider budgeting.
With that in mind, we’ve put together this short video to give you a few hints and tips if what you need to think about to kick start a budgeting method that works for you.
Your eligible deposits held by a UK establishment of Cumberland Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.