Medusa

5 Things You Need To Know About Saving

5 Things You Need To Know About Saving

<div style&equals;"text-align&colon; justify&semi;" align&equals;"justify">&NewLine;<p>Saving means different things to different people&period; So people see saving as putting money away for a rainy day&period; Others may interpret it as buying things which are on offer in supermarkets&comma; or cutting down on energy bills&period; Whichever way you look at saving&comma; by finding ways to lower your everyday costs&comma; you&&num;8217&semi;ll build habits that can change the way you look at your life&comma; your household and the future&period;<&sol;p>&NewLine;<h3><strong>1&period;Even a Small Amount a Month makes a difference<&sol;strong><&sol;h3>&NewLine;<p>Put some money away into a savings account&period; It doesn’t matter how much&period; Anything you can afford to put away makes a difference&period; Think about it – just £5 a month would equate to £60 a year – in 10 years you will have saved £600 and it’s doubtful you would have ever noticed it was gone&period; Regular saver accounts are great for people who are starting to save for the first time&comma; but if you’re not great with money&comma; choose an account which has a penalty for withdrawing more than once a year – this will discourage you from dipping into your savings when you don’t really need to&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; center&semi;"><img class&equals;"size-full wp-image-11320 aligncenter" title&equals;"5 Things You Need To Know About Saving" alt&equals;"5 Things You Need To Know About Saving" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2014&sol;01&sol;FE&lowbar;DA&lowbar;0526brink&period;money1&lowbar;&period;jpg" width&equals;"411" height&equals;"274" &sol;><&sol;p>&NewLine;<h3><strong>2&period;Kill your Debt First<&sol;strong><&sol;h3>&NewLine;<p>Getting rid of debt is the fastest way to free up money&period; Seeing your hard earned cash go to lenders is difficult&comma; but the faster you pay off your debts&comma; the faster you will be debt free – that means no more interest to pay&comma; less stress&comma; and no awful bills through the door&period;<&sol;p>&NewLine;<h3><strong>3&period;Stop using Credit Cards<&sol;strong><&sol;h3>&NewLine;<p>Pay for everything with cash&period; Don&&num;8217&semi;t even use cheques&period; It&&num;8217&semi;s easier to overspend when you&&num;8217&semi;re pulling from a bank or credit account because you don&&num;8217&semi;t know exactly how much is in there&period; If you have cash&comma; you can see your supply running low&period; You can also see how much you have spent&comma; which makes it much easier to put a limit on things&period; If you earn £800 a month&comma; putting £100 in your wallet for a night out is 1&sol;8<sup>th<&sol;sup> of your monthly salary&period; Once you can see that cash in there&comma; you may think twice about spending it all&period;<&sol;p>&NewLine;<h3><strong>4&period;Set a Realistic Savings Percentage Per Month<&sol;strong><&sol;h3>&NewLine;<p>Start by saving 2 percent per month&period; Almost ANYONE can save 2 percent&period; The biggest bonus of this is that you won’t even notice it’s gone – but you’ll certainly notice it building up in your savings account&period;<&sol;p>&NewLine;<h3><strong>5&period;Buy Experiences&comma; not things<&sol;strong><&sol;h3>&NewLine;<p>Is buying that dress for £100 REALLY going to make you that much happier for all the money you spend on it&quest; Sure&comma; you’ll look gorgeous on the few occasions you wear it&period; But are you going to look back in 3 years and say &OpenCurlyQuote;I am so glad I spent that money on that dress&period; I remember how many great experiences I had with that dress’&quest; Activities you do with people you like &&num;8211&semi; day trips&comma; going out to eat with your friends&comma; concerts &&num;8211&semi; will make you happy for many years to come&period; And having good relationships is the best investment you can make&period;<&sol;p>&NewLine;<&sol;div>&NewLine;

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