Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk
How to save money 2019

What small changes could you make to save more money in 2019? Ferratum have a few tips to get you started on the right track...

What if I told you that you could have more money without earning more starting today? More than often, people can be reckless with how they spend money on a daily basis… And it’s usually the little things that punch a hole into one’s budget. The cheap things tend to be deceiving, especially by the end of the month when there are many unnecessary cheap things that painfully add up. You could be doing so much more with that money… This is why we’ve prepared you with some money saving tips for 2019:

Buy a coffee machine instead of spending £3 on coffee each day

A coffee machine plus some extra daily effort can be a great way to save money on your “daily ritual”. On top of that, you get to try new types of coffee or make a delicious coconut-almond-milk coffee.

Be more active

Walking isn’t only beneficial for your health, it’s also an alternative to spending money on public transport or gas for your car. Of course, you won’t be able to go everywhere walking, especially if you live in a big city. Walking is all fun and games, but when you have to walk an hour to get to work, it may not always be so appealing. Biking can be the solution. In some cases, biking can even be the fastest way to get from point A to point B.

That awful habit...

If you’re a smoker, 2019 is a great time to quit. It sounds easier than it is, but it definitely pays off. Aside from years added to your life, there’ll be extra cash added as well. Try setting aside the money you would spend every day for cigarettes, regardless if you’re up to a pack or not. You’ll have a visual representation of the money that you’re spending to destroy your health.

Cooking is great!

Start cooking and eat out less often – it’s healthier, and it’s a relaxing, regardless if you’re doing it alone, with friends or your loved one. You’d be surprised, but you can cook some amazing dishes if you’re inquisitive enough.

Plan your budget

Have you ever thought about why a company must have an accountant? Have you ever thought about why big companies have budgets that are allocated to every department? You must always have control of your money, or else you risk being controlled by them. Always make sure that you don’t go over the top with recklessly spending money on things that you don’t need.

Avoid card payments

If you truly want to control your money, ideally, you’ll want to also see them. It’s easy to overspend when all you see is a plastic card. When you actually see how much you’re spending, you’ll be less likely to spend money on things that you don’t need.

Wrapping it up

Consumer society wants people to continuously buy. You see advertisements everywhere and at the end of the month, you’re left wondering how you’ve managed to spend so much without doing a lot. You’d be better off saving money on what you don’t need and keeping it for the meaningful stuff.

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: APR 1270% if borrowing £400 for 4 months. Interest rate: 292% p.a. (fixed). Total amount repayable: £665.48 by four instalments of £166.37. Maximum representative APR: 1604% if full loan repaid after 7 days.