Cut back on purchases
This is one of the first things we do when we need to save a bit more or money is tight. From the food shop to days out, we cut out what we can, the things that aren't essential.
Open a savings account
If you don't have one already, open a savings account and try to keep most of your money in there. Only put money into your current account if you need to cover bills or do a food shop etc. Doing this means you think twice about spending money as you can see your savings adding up and it makes you not want to spend it!
Use an overdraft
This is a personal choice however, you can get an overdraft if you need it. I have recently got one and although I have to pay a monthly fee, it isn't much and is only if I'm in it. I like having it as a 'safety net' for if anything unexpectedly happens like my car or washing machine breaks and we have to find the money.
Get a guarantor loan
This isn't something we have but would use if we had an emergency situation like the above but it was a big amount of money we needed. Guarantor loans are a bit safer than just a loan as if you miss your payments, your guarantor is liable to pay off the loan so you don't fall behind on payments. You just owe your guarantor!
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