Setting a savings goal and noticing the benefits to your wallet can be a great way to add real momentum to your finance fixing journey. Learn some handy savings tips here- from the experts at Loqbox.
Give yourself the focus of a realistic savings goal and you’ll be surprised what you can achieve. Small savings soon add up. What daily or weekly savings could you make over, let’s say, the next 40 weeks? Here are some ideas.
- Saving 60p a day (e.g. a chocolate bar) would give you £168 after 40 weeks
- Saving £2.50 a day (e.g. a coffee) would make that £700
- Saving £30 a week (e.g. a night out) would make you £1,200 better off
Spending just £1 less every day would save you £280 over 10 months. That’s £3,650 over 10 years (£3,653 with leap years)!
This post was written and compiled by the credit experts behind Loqbox – a completely free way to build your credit history by saving a little each month. To sign up or read more about the clever way Loqbox works, head to Loqbox.co.uk.
This is part of our Two-minute Money blog series – unlocking the secrets of the financial system, two minutes at a time.