ING Direct have released statistics showing that Britons have been delving into their nest egg in order to cover the costs of living today. Savings have fallen by about 14% on average among Britons during three months. That is a reduction of £279 to £1,771; the amount deposited to savings accounts is the lowest since 2009. Most alarmingly, a quarter of all people had no savings at all.
Posts Tagged ‘Savings’
Two simple steps to save money this month
Thursday, August 6th, 2009
A wise man once said that you should look after the pennies and the pounds will look after themselves. Well, with this in mind, our article today will look how you can save yourself more than just pennies this month.
The first tip we advise you to follow is to literally watch your pennies; if you are being weighed down by heavy lumps of metal in your wallet or have discovered a copper mine below the cushions of your sofa, then cash in on these untapped financial resources.
You’ll be surprised at how much you can get after, say, six months. Having a mascot piggybank as a logo means we have no excuse to not have a piggybank in the office - after six months we’ve managed to accumulate nearly £60! You needn’t even have to worry about counting and bagging the coins - the emergence of machines which will give you the cash back in more useful coins and notes means that you can cash in on all your piggybanks’ savings while getting your groceries .. you could even make it a monthly event.
One way that you can actually get yourself turning over a few pounds here and there is through a few Internet sites - these sites will offer you money for simply filling in a few forms or having advertisements on your screen while browsing.
Need instant cash to cover your monthly expenses? Well, then it might be time that you considered taking out a payday loan with us here at www.247Moneybox.com. We offer people the chance to get the cash injection they need to cover their cash-flow problems and difficulties. Simply take a few minutes to fill in our application, then we will make a quick decision, and you could be getting your money as soon as possible. When it comes to paying us back we will deal with taking the money automatically out of your account so that you don’t even have that hassle.
A budget can help you keep on track in these ‘crunching’ times
Monday, February 16th, 2009
Inflation may not be the beast it once was but it’s still significant given the current Bank of England base rate, and certainly savers around the country are feeling the pinch. With the cost of living still stubbornly high, the last thing needed is to see the value of your savings being slowly eroded. Check out this BBC article which details how inflation has now fallen for four months in a row from a high of 5.2% in September, driven down by falls in energy costs and fuel prices.
There’s never been a better time to get your finances in order and it’s not something to keep putting off. The best way to go about this is to grab a pen and make a list of your income and all your outgoings - essentially a household budget. Once you have done this, analyse the balance and your outgoings in particular. This can help you work out if you can make savings anywhere - either to free up your cash flow, help reduce any outstanding debt or simply to keep for a rainy day (of which there could be several for the next few months).
It’s a great way to get a clear picture of where you stand and can maybe highlight the lumpy nature of your household’s cash flow, i.e. peaking at the end of the month and falling away. If this is the case, a payday loand from 247Moneybox can help. A fast loan from us is easy and straightforward and cash can be advanced very quickly. 247Moneybox.com provides you with quick and easy online loans.
