No matter how determined you are to put money away for a rainy day, adding to your savings can be hard work. Most people try to put a proportion of their wages away in savings accounts or cash ISAs, but how can you add to your savings when money is getting tighter and tighter each month?
There are a few ways to add to your savings that you may not have realised. Most of the following savings tips are painless, meaning that you’ll be adding to your savings account balance without even missing the money.
Top savings tips
Sell some of the things you own Have a good rummage around your house to find things that you don’t need or want anymore, then sell them online through sites such as eBay. You’ll be surprised how much selling unwanted clothes, shoes, books, DVDs and household appliances can add to your savings.
Put aside your loose change every day and put the whole amount into your savings account at the end of the month.
Save all birthday or Christmas money or other money you receive as a gift, by putting it straight into a savings account.
When grocery shopping, try supermarket own brands instead of expensive top brand goods – you’ll hardly notice the difference!
Make your own lunch for work You can save a fortune simply by preparing your own lunch rather than buying it each day.
Use cashback sites when making online purchases If you’re buying something online, simply click through from a cashback site and earn a percentage of what you spend. It’s essentially free cash, and your savings account will thank you!