Don’t Wait, ‘Save’ the Date
The come down from Christmas has made January a long month for many consumers. As payday finally arrives for many of us this week, the Consumer Council gives its top tips for making the most of your money and kick starting a savings plan in 2015.
Rachael Cray, Head of Money Affairs said: “Our consumer index research shows that only 3 out of 5 of us put money aside for a rainy day. This supports the fact that a third of those surveyed said they are worried about making ends meet at the moment, making it difficult to save.”
“The Consumer Council is encouraging consumers to take control of their finances in 2015. As the first pay cheque of 2015 arrives this week it’s the perfect time to make a small change that could make a big difference to your finances. You could start saving with the Consumer Council’s ‘Save the date’ challenge and build up a Christmas fund of over £600 by December. We’d love to know how your ‘Save the date’ challenge is going, get in touch with us via Facebook The-Consumer-Council-Northern-Ireland/or Twitter ConsumerCouncil”
Rachael concluded: “Reviewing your finances is the best place to start, here is the Consumer Council’s money saving advice:
- List all your income against your outgoings. Use our Home Budget Planner and start keeping track of your spending.
- Review and reduce your regular bills. Remember, being a loyal customer doesn’t always pay, if you switch your bank account, electricity tariff or car insurance provider you could save you £100’s, visit the Switching page on our website.
- Make small changes to your spending habits. By cutting back on a daily takeaway coffee you could save £70 a month.
- Start saving. Why not try the Consumer Council’s ‘Save the date’ challenge?”
If you are concerned about debt or are paying out more than you have coming in, you should contact NI Direct for a list of organisations that offer free money advice.
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