Hands up who overspent at Christmas! That’s what I thought. And hands up who’s bank accounts now hate them? Yep…
Why do we do this every year?! We know Christmas is coming… we know prices go up… we know we’re going to overspend and panic buy that weird vase for Aunt Ethel because we always do… It’s time to stop this madness people.
I know it’s difficult to save money at any time of year – not just the festive period – but we can do this! And it’s actually a bit easier than you think…
That’s right, money boxes/tins/piggy banks. But not just any money boxes; one’s you can’t open unless you either smash it into a million pieces (I still haven’t worked out how I’m going to break the one on the right) or take a tin opener to it.
I don’t do this religiously, but if I remember I put the contents of my purse into these. And coppers and 5p’s always go into the left tin – it’s getting quite heavy!
I find it easier to save change than I do to save money in a bank account as it’s far too easy to transfer money from my savings into my current account! I do try and keep a bit in there though, just for emergency bills, petrol etc.
I have three tins as one is for coppers etc like I said, one is for £1 and £2 coins and the occasional £5 note and the other is for everything in between! It’s taking me a while to fill them up as I usually pay for everything on my card so I never have change – but I’m getting there!
If you can’t be trusted with things like money boxes it may be worth looking into setting up a bank account that you can’t touch until it has a certain amount in it! You could then set up a direct debit for X amount to be transferred over to it each month, so you don’t even have to do anything!
How do you save money? Are you saving for anything in particular? Let me know!