We would all like to make our money go that bit further. The good news is that there are things we can do to get the most from our income.
From changing your energy supplier to getting the right bank account; this section will show you some of the simple things you can do to save money.
There are some quick and easy things you can do to keep the heat in and the costs down that - combined - can save a lot of money.
Switching off appliances at the plug socket, closing doors behind and making sure taps are turned off don’t take a lot of time or effort and by making your home as energy efficient as possible you could save over £300 a year on fuel bills and reduce harmful carbon emissions.
For all the best hints and tips read our Saving energy guide.
Basic bank accounts are simple accounts that are designed for managing day-to-day money. They may be ideal for you if you:
- Have a poor credit record
- Want to ensure you can’t get access to more money than you have in your account.
Basic accounts allow you to have money paid directly into your bank and if you get an account with a debit card you’ll be able to use it to pay for goods and services, for shopping online and for withdrawing money at cash machines.
This type of account isn’t for everyone so it is important to know what will work best for you. A basic account won’t let you overspend so if you are going to use it to pay bills by direct debit or standing order then you will need to make sure there is enough money in your account; if there isn’t then your bank will not make the payment and you may be charged a fee.
If you want to discuss which type of bank account may be best for you then please contact us.
Having home content insurance could save you lots of money in the event of a burglary, fire or flood; without it things like televisions, carpets, jewellery and games consoles would not be replaced.
For further information please click here or contact the National Housing Federation on 0345 4507288.
Credit Unions are not-for-profit financial cooperatives that offer a much cheaper alternative than payday loan companies. They are run by local people for local people.
Great value loans are available from your local credit union and some can even get cash to you the same day.
Loans should always be a last resort and if you are in debt then you should always contact us in the first instance to see how we can help.
If you are going to get a loan then make sure it works best for you. You should never get a payday loan; their interest rates are incredibly high and you could end up going even further into debt.
You can find contact details for your local credit union by clicking here.
One of the areas where people can often save a lot of money is on their food shopping.
Most of us are guilty of buying too much and wasting food or impulse buying but by effectively planning you could make a big saving.
For more information about saving money on your shopping, please visit the Money Saving Expert website by clicking here.
If you still have any questions, please contact us.