Saving

This page features a collection of our best money-saving tips, hacks and tricks that we’ve accumulated over the years.

Be sure to let us know your favourite tips in the comments section!

can you lose money in a savings account uk and how to protect against it

Can you lose money in a savings account? And how to stop the invisible erosion!

This will be counter-intuitive to a lot of people reading this, but is it really possible to actually lose money in a savings account? I’m not talking about some whacky negative interest rate either (which might not be as far-fetched as it sounds). If you stick with me, I’ll discuss whether you can lose money …

Can you lose money in a savings account? And how to stop the invisible erosion! Read More »

what is the difference between income and wealth?

What is the difference between income and wealth? And why you should care!

Understanding the difference between the two is important, especially when you’re trying to improve your personal financial situation. Ever heard the story of the janitor who surprised everyone when he died by leaving $5 million to his local library? Or the story of the famous athletes who earned multiple millions a year filing for bankruptcy? …

What is the difference between income and wealth? And why you should care! Read More »

why starting to save young is so important page title

Why starting to save when you’re young is so important (I wish I did more of it!)

I’m sure most people are in the same camp as me, but I regret not starting to save more when I was younger. I would manage to be disciplined and save up some money, £500 or so, and then have one big blow out and buy a laptop or something else I probably didn’t need. …

Why starting to save when you’re young is so important (I wish I did more of it!) Read More »

average food budget in the uk - how do you compare?

Average Food Bill Per Month in the UK – How Do You Compare?

It is often quite difficult to figure out whether your budgeted weekly food budget figures are actually reasonable or not, especially when you are basing your budget off of your own previous spending patterns. This is a classic weakness to using your previous expenditure as the starting point in budgeting. One way to counter this …

Average Food Bill Per Month in the UK – How Do You Compare? Read More »

how to calculate your savings rate uk

How To Calculate Your Savings Rate (Your Personal Profit!)

At its core, your savings rate is a fairly simple mathematical expression which is your personal profit divided by your income. In this article we’ll take it deeper and walk you through exactly how to calculate your savings rate so that you can be confident you’ve calculated it correctly. What is a savings rate? In …

How To Calculate Your Savings Rate (Your Personal Profit!) Read More »