Savings

How Do I Start Saving When I Have No Money Left Every Month?

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You’ve probably heard me say this before but…saving is easy, you just have to choose to put some money away. So make that choice!

If you’re finding that you are struggling to save because you have no money left at the end of each month there is a method that I recommend that will help you change that:

Put Yourself First

Understand that YOU are the most important person in your life. Your friends, family and the people you love will be happier and you will be in a better place to support them, if you build and look after yourself.

So when you get paid from work, pay YOURSELF first.

Put 10% of your salary into your savings account straight away.

Don’t pay your bills or buy random things BEFORE you pay yourself. You deserve it. Your future deserves it and your bills will always be there.

Find a Savings Account Which Pays You The Most Money

This is called Interest. Every year you should be checking to see if there is a Savings Account that pays you more interest than you are making at the moment!

Check out our guide on some of the some of the best Savings Accounts available at the moment.

The great thing about savings accounts is that they pay you to keep your money in them.

Make Small Changes to Win Big!

Understand that you have to make little sacrifices & small investments in yourself!

People have been selling us dreams for years, saying that we need to make £xyz thousands each month to start saving.

That’s false.

The amount you save has nothing to do with the amount of money you make, it’s all about the amount of money that you spend.

So, write down a list of the top 10 non-essential things that you spend your money on each month.

Yes, this includes things like cigarettes, shopping, eating at restaurants and going out.

Then figure out how you can spend 10% less on each of these things. This this the 10% that you need to put into your savings account.

What’s crazy is that this will probably only take less than 30 minutes to do, and all of a sudden you will easily have all the money you need to start saving!

Try doing this every month and then see how much you have saved at the end of the year!

 

What Are The Best Savings Accounts?

Post Office Online Saver Account
Open With
£1
Interest Rate
1.32%
Protection Scheme
FSCS
Marcus by Goldman Sachs
Open With
£1
Interest Rate
1.35%
Protection Scheme
FSCS
Saga Easy Access Savings Account
Open With
£1
Interest Rate
1.4%
Protection Scheme
FSCS
Moneybox 95 Day Notice Savings Account
Open With
£1
Interest Rate
1.65%
Protection Scheme
FSCS
ICICI HiSAVE Notice Savings Account
Open With
£1
Interest Rate
1.6%
Protection Scheme
FSCS
Smart Save 1 Year Fixed Rate Saver
Open With
£10000
Interest Rate
1.5%
Protection Scheme
FSCS
Atom Bank 1 Year Fixed Saver
Open With
£50
Interest Rate
1.6%
Protection Scheme
FSCS
Post Office 1 Year Online Bond
Open With
£500
Interest Rate
1.4%
Protection Scheme
FSCS
Principality Building Society 5 Year Fixed Rate ISA
Open With
£500
Interest Rate
1.7%
Protection Scheme
FSCS
Tesco Instant Access Cash ISA
Open With
£1
Interest Rate
1.45%
Protection Scheme
FSCS
Aldermore 2 Year Fixed Rate Cash ISA
Open With
£1000
Interest Rate
1.8%
Protection Scheme
FSCS
Ford Money Cash ISA
Open With
£1
Interest Rate
1.45%
Protection Scheme
FSCS

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