Yes it’s the start of the New Year and the bank accounts are looking a little bare… anyone else know that feeling? I am now desperately looking at successful ways to save money. whose with me? I mean lets be honest stuff is just getting more expensive in the world, everything seems to have an increase in price. I remember the days of penny sweets and free mobile phone upgrades, when driving lessons were less than £20 and some fried chicken and chips didn’t set me back a tenner. I mean you don’t even get table service.
Whatever is going on it’s all bloody depressing, thoughts of lush holidays or even owning my own house or a decent car that one won’t worry about the exhaust falling off are now in a distance. It was said last week by The Sunday Times that a woman with two children will have to earn on average £40,000 a year to have any free cash once childcare, transport, pension etc was deducted. CHRIST! £40K – looks like I will either be having kids when I’m grey or we will be eating cold baked beans daily!
So let’s stop with the miserable statistics – we make solutions not problems and there are always ways we can skimp and save! There are some great ideas here that can save you over £1000 in a year. Let’s take a look shall we.
Whale, just look at that beaut – anyone that wants to start a chat with my using an animal GIF has got my attention, oh yea and Chip is the GIF that just keeps giving Yes, excuse the puns but if you want amusing animations throughout your chat then this guy is the one for you. I finally found him. In all honesty though Chip is a clever little chap, as we now have changed the way we spend, no longer budgeting on a weekly basis, Chip gets this and analyses it. The app tracks the user’s transactions to build an individual, average spending curve. Every two to three days, it monitors what that person is spending in relation to their average. If the user is spending less, it puts the difference in a savings account within the app, where it accrues interest. Great right?! And these little amounts add up, in fact in the few months I’ve been using it I have barely noticed the amounts taken out and already have a nice little nest egg. The great thing is you can set goals and gain interest. WINNER WINNER chips for dinner. Download the app now and use the code RL4P1N.
Some maybe sceptical of this site, however this little baby gave me back £100’s last year on all my indulgent spends. If you’re an online shopper then this is your secret lottery ticket! In a sense really it’s like your getting a discount but your savings are put in a nice little pot for you to withdraw as you please. There are those who may moan about the waiting time for cashback – but let’s be honest you were going to spend the money anyways so just roll with it. Money can go straight into your bank, PayPal or be exchanged for a variety of vouchers with added interested. Even if you don’t venture into the world of online shopping, just one mega purchase like insurance, booking.com or a holiday can give you back a hefty amount. You can sign up here and get a £5 Zeek card!
Now there are many ways to look at this genius challenge depending on how much you want to save! However it can range from £780 to nearly £1500 – not gonna lie but that is a pretty nice figure after Christmas huh? As I said there are 3 different ways of doing this challenge.
Small Saver: 5 Days a week –
For this one every Monday you would put away £1, Tuesday £2, Wednesday £3 and so forth up until Friday, essentially £15 a week and therefore over the course of a year you would save £780!
Middle Ground: 1 day a week –
This one is less frequent and a smaller amount at the start but one that will sting you at the end. So, put £1 away in the 1st week, £2 in the 2nd and you get me, great to start off with but at the end of the year the total of each week will be £49, £50, £51 and £51 a total of £202 – that can be a bit steep especially around Christmas and New Year. You will come out with a saving of £1379.
You could always do this backwards and start with the hefty amount in January and then there is less coming up to Christmas.
The Big Daddy: 7 days a week –
This is my baby, the more the better I say, do it this way and you’ll come out with nearly £1500, yep that’s a nice way to finish off the year! Its pretty much the same as the small saver but instead of stopping at 5 days you continue through to 7, it is a big increase from £15 to £28 though! I like to think it would be worth it in the end.
This is rather similar to the challenges above and can save you up to nearly £700! They do say that pennies make pounds hey! All you have to do start off by just putting away 1p a day, then 2p then 3p and you get this whole drift right? – by the end of the year it will be £667.95 and if you’re lucky to get a leap year like in 2020 you could put away £671.61.
What are your top tips for stashing the cash?