It may seem far too early to think about the festive season, but in fact, now is the perfect time to start saving for the end of year expenses. Here are some simple ways you can save a significant amount of money between now and December.
A coin bank or bottle – Buy a coin bank or jar. There are many shops that sell sealed tins for saving money. Did you know that if you put only pound coins in one of these savings tins, when it’s full, you will have saved over £250! And because they are made as sealed tins, you won’t be able to get the money out easily, so you are more likely to save it.
Open a new savings account – Did you know that putting money into a simple savings account can actually help your credit rating with your bank? Even £10 per week will make a difference and build up to a significant little Christmas fund by early December. That’s 40 weeks, starting today, to save £10, which will come to the grand total of £400.
Start an office swear jar – Working with a group of people can be fun and you can use the proceeds for charity or for a staff party. Every time someone swears at work, they pay a sum into the jar. You will be amazed how quickly it will fill up!
Turn it into a competition for the entire family – Start a family saving competition. Each member of the family gets a jar and they all pledge to save x amount each week. Any additional amounts are added to their score. All coins and money found in trousers, on the floor and under cushions is saved in the finder’s jar, and additional savings can be made in return for chores. E.g. do the dishes, have £1 added t your jar. It’s a great way to teach children the value of earning money, saving money, and taking care of money.
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