Saving a little bit every day

 

Saving a little bit every day

Saving a little bit every day

 

Whether you’re saving up for a holiday, a new car or just a rainy day, putting a bit of money aside on a regular basis is the best way to achieve your goals without putting a strain on your finances.

Though you may think that you don’t have any cash to spare, by taking a quick look at the fascinating infographic created by MYJAR, we can quite clearly see where the country’s money is going and where savings can be made.

For example, if you live in London, there’s a good chance you could save a significant amount every month by cutting down on your takeaways. On average residents in the capital spend a whopping £221.63 on takeaways, while their neighbours in nearby Chelmsford splash out just £43.19 a month.

However, as southerners spend around £200 less on their annual getaway than those in the north, you may well be saving already when it comes to your holidays.

Once you’ve put the work in and saved up, one way to avoid depleting your savings is to take out a short-term loan from MYJAR anytime your pay packet won’t stretch far enough.

That way you can take the pressure off your finances and keep your hard earned nest egg intact.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

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