1. Saving Counts
If you saved £2.30 every day and put it in a high interest account, when you are 65 you will be the proud owner of £1million!
2. Shop Around
Make sure you are getting the best deal by researching purchases online
3. Get your money working for you
Money doesn’t increase sat in your wallet but it will in a bank account where you will gain interest on it.
The majority of banks have accounts specifically for young learners.
4. Every penny counts
Try saving all your 1p and 2p coins in a jar and cash them in after a few months. Then move onto 10p or 20p and see how much more you could save. Finally see how much a £2 jar would save
5. Improve your health and wealth
Try not buying a treat every day and putting that money aside to see how much you have at the end of the month
6. Do the math
Price divided by the amount saved weekly = number of weeks
7. Never ever get a pay day loan!
For example if you borrowed £100 for 6 months you could pay an additional £591 in interest. Look out for the APR attached to a loan, it stands for Annual Percentage Rate. The annual percentage rate on a loan is the amount the lender would charge if you borrowed the money for a year, as a percentage of the original loan.
