BinB Home     :      Micro site Log-in     :      01753 852904     :      Email Log-in      :      Buy YOUR - BinB Microsite - Promotional Micro site
Finance in Berkshire
c/o Business in Berkshire
Windsor
Berkshire
SL4 4BU
Tel: 01753 852904
Email
View map

 

Savings- Getting Started Part 1
Happy New Year to you all!

Savings- Getting Started [Part 1]
I expect many of us have made a resolution to save more (I know I have!). So, let’s pull up the floor-boards and shake out the mattresses, it’s time to make the most of our money!

Looking at your finances
To get started ask yourself the following:

1. What is the purpose of saving?
2. How can I save money?

Is the money for a holiday or for your pension? Knowing exactly what your money is needed for will determine how much you can save, and how regularly. To put your finances in perspective, you have to examine your current budget. Get out a bank statement and add up your monthly expenditure. How does your income compare to your outgoings? Do you go overdrawn at all? You might be surprised how the small things add up.

Ways to cut back

1. Reduce credit and store cards.
2. Look at how much you spend in the supermarket. Can you buy items in bulk? Also look out for special offers.
3. Cut back on petrol. Can you walk to the shops?
4. Be energy efficient and turn off all electrical appliances when not in use. This will help to reduce your bills.
5. Why not take your lunch into work?
6. Check all of your direct debits to make sure you’re not paying out for things you don’t need (Magazine subscriptions, Gym memberships etc).


Try making these cutbacks for a short period of time and then go back and look at your bank statements. Do remember that you still want to enjoy yourself, so don’t cut back so much that you don’t have any spending
money left at all!


Next week we’ll look at the different types of accounts available.

Fiona Seymour-Jesse
SJ Copy

<http://www.moneysavingexpert.com/savings

Motley Fool- How to save more!
http://www.fool.co.uk/savings/information/how-to-save-more.aspx

Motley Fool- Shape up those finances
http://www.fool.co.uk/news/your-money/savings/2006/12/14/shape-up-those-finances.aspx


DOWNLOAD   [ Savings- Getting Started Part 1 ]
Contextual Links


In this section:
Where to save
Savings Getting Started- Part 2
Savings- Getting Started Part 1

Wordtracker
Business in Berkshire uses Wordtracker to help manage our micro site owner accounts. It is the perfect tool for establishing the search strings that people are actually searching... Rather than assuming... go open your own account, click below...