You’re probably familiar with the feeling of worrying about not having much money to spend this month. How can you make sure that you don’t have to track every penny you spend?
Here we’ll provide a 101 useful saving tips which will help you a lot and will be applicable in your daily life.
1. Pay off the debts with the highest interest rate first.
If you have any personal debts, for instance on your credit card (this often involves the highest interest rate), it is important to take care of that first. If necessary, apply for a new loan with a lower interest rate to pay off the higher debt. This will save you hundreds of pounds a year.
2. Pay in cash instead of using your credit card or bankcard.
Research shows that people spend more money when paying with their credit card or bankcard. The reason behind this is that paying by card includes a disconnection of emotions in relation to the purchase. Paying with cash causes you to be more aware of your spending habits. Remember to keep receipts, it is also useful if you want to return the item if you are unhappy with it.
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