Category: Saving Tips & Strategies
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High-Interest Savings Accounts
Making Your Money Work Harder Imagine you put your money in a place where it earns a bit extra, just by being there. That’s what a high-interest savings account does. It’s like giving your savings a little boost, helping them grow faster than in a regular account. The Money Part: How High-Interest Savings Accounts Work…
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The Savings Jar Method
A Visual Way to Save Sometimes, the best way to save is to see your money grow right before your eyes. The savings jar method is a simple, visual way to save money. It’s a bit like watching a plant grow from a tiny seed. The Money Part: How the Savings Jar Method Works This…
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The 50/30/20 Rule
A Simple Budgeting Guide Budgeting can feel complicated, but it doesn’t have to be. The 50/30/20 rule is a simple way to divide your income and make sure you’re covering your needs, wants, and savings. It’s a bit like having a recipe for your money. The Money Part: How the 50/30/20 Rule Works This rule…
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Signs You’re Doing Better Financially Than You Think
Sometimes, when you’re on a tight budget, it can feel like you’re not making any progress. You might compare yourself to others and feel like you’re falling behind. But often, you’re doing better than you think. It’s about recognising the small victories and appreciating the progress you’ve made. Small steps count and can be just…
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Wants versus Needs
Where Does Your Money Go? It’s easy to get caught up in the day-to-day. You see something you like. You buy it. Before you know it, your money’s gone and you’re wondering where it all went. One way to get a handle on your spending is to look at the difference between ‘wants’ and ‘needs’.…
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The Round-Up Savings Method
Saving Your Spare Change Ever paid for something and had a few pence left over? Those little bits of change might seem insignificant, but they can add up over time. The round-up savings method is a simple way to save those small amounts without even thinking about it. The Money Part: How the Round-Up Method…