Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
Reader’s Story: An easy way to save every day
Rachel Hazelwood
11th May 2023
Following on from last month’s readers’ stories from Lisette and Helen, this month we’d like to introduce you to Sharon from Lincolnshire who has a really easy way to save a bit of money every day.
Sharon checks her bank account each day, then rounds the balance down to the nearest £10 and moves the difference into a separate savings account.
It can sound a little complicated at first but think about it like this:
Monday, the balance of your account is £205.54. Rounding down to the nearest £10 means rounding down to £200. The difference is £5.54 which you move into a separate savings account.
Tuesday, the balance of your account is £183.89. Rounding down to the nearest £10 means rounding down to £180. The difference is £3.89 which you move into a separate savings account.
Wednesday, the balance of your account is £167.03. Rounding down to the nearest £10 means rounding down to £160. The difference is £7.03 which you move into a separate savings account.
If you keep doing this every day, or even just Monday to Friday, you could save up to £20-£25 a week to either pay off a credit card or to save for something special.
Saving doesn’t have to be hard or painful, if you do what Sharon does you could be surprised by just how much you can put away for a rainy day!
Check out our article on the best easy access savings accounts to help you get started.
If you have an interesting way you have made or saved some money recently then click here to find out how to send us your story and earn £25 for your own “Reader’s Story”.
Subscribe
Login
0 Comments
