Small Changes Can Reap Big Financial Rewards


Spending sprees are fun at the time, but the consequences can last years.

That’s why it’s important to make your money go further and avoid any bad financial habits from spiralling out of control.

There are a number of ways to stop your spending habits leaving you facing a mountain of debt.

When it comes to spending your money, then prioritise what you really need. before buying something.

Sometimes its best to just take a step back for a moment and ask yourself whether this is an item you genuinely need, or simply want. If it’s a want it is most likely a spending whim.

Why don’t you set yourself a weekly budget, shop around or check price-comparison sites online before taking the plunge?

It’s also a good idea to withdraw a set amount of cash every week and avoid using debit or credit cards. That way you remain in control and monthly statement don’t come as a nasty surprise.

Its always advisable to pay off any existing debts by prioritising which one has the highest interest rate.

Remember that if you consider borrowing again in the future, check the interest rates first and use an online calculator so you have a clear picture of exactly how much you’re paying back.

You can always have a spring clean – whatever the time of the year! Sometimes a good clear out will uncover plenty of unwanted gifts which could be turned into cash at the nearest car boot sale or online auction site.

Above all, don’t forget the old adage to “pay yourself first” which means that when you get the chance, put something away into a savings account with your local credit union.

You’ll be surprised how setting aside just £3.00 a day comes to £1,095 in a year!

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