This is a simple saving tip that you can try yourself, or you could encourage your children to try it. It’s a great way to learn about saving and an easy way to get started. Saving can seem like an almost impossible task, but in fact, it is much easier than most people imagine. Try this simple tip and see how much you could save in just a month.
Cut back on one thing you buy every day, just one item. It could be a coffee on route to work or your usual purchase at lunchtime. At the supermarket, what do you always buy that often ends up unused or lying at the back of the freezer? Papers, magazines, even subscriptions for services, or casually bought snacks could all be sacrificed for this little experiment.
All these additional items add up to a significant amount of money each year. Choose items that save you just £1 every day. Instead of using that money elsewhere, save it. It will be easy because we all usually have a £1 coin in our wallets and purses.
After one month you will have enough for a takeaway for a family of four.
After two months you will have enough for a day at the beauticians or special meal out.
After three months you will have enough for some new shoes.
After four months you will have enough for an entire outfit.
After five months you will have enough for a nice weekend away.
One of these treats could be yours for just £1 per day!
Try it, first decide what you are saving for, and then get started. And the amazing thing is, once you achieve your goal having saved just £1 a day, you will find it much easier to save a little more each time.
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