Published on November 14th, 2013 | by Jay0
A Great Idea On How To Save Money In 2014
Wouldn’t we all love to have thousands in savings? Money put aside for a rainy day? Incase the boiler breaks down or we urgently need a new car? There’s all sorts of things many of us need to buy at short notice which cost a small fortune and often the only way to do this is by taking out a loan! Have you thought about putting together a plan on how you can gather some savings however? In just 12 short months you could have saved a significant amount with a little bit of work and we have teamed up with My Family Club (you can see their own money saving tips here) to help you see how you can do just that!
As far as we are concerned, you have two main options when it comes to saving! Either you try and reduce your monthly outgoings and put what’s left at the end of the month into a savings account (we would much quicker suggest that you transfer into your savings account at the start of the month so you’re not tempted to spend it as the month goes on) or you try and earn a little more income and save that! Even better, however, why not try and do both?
When it comes to cutting down your monthly outgoings, we would suggest looking at how much you spend on things such as takeaways and coffee and reduce these even by half. A takeaway a week and a coffee each day considerably adds up and if you save even half of this, you could end up saving not far off £100 a month…a whopping £1200 over the course of the year! It’s much easier than you think, especially if you transfer money at the start of the month and once you get into the swing of things, you won’t miss it at all!
In terms of earning an extra income, however, there’s endless ways and it’s not as hard as you think! Why not start by selling things you don’t need anymore on eBay? It all adds to the pot and you’ll be surprised how much you can raise quite quickly! In addition, why not look at things such as online surveys and the like? There’s so many options and the money you make can go straight into your savings account!