There's nothing worse than getting towards the end of the month and realising you haven't got enough left to be comfortable, but it seems that many Brits are actively trying, and succeeding, in making their money go further. Could you be one of them?
According to research from savings specialist Standard Life, 92% of those surveyed actively manage their budget and look for ways to cut costs. A growing trend is to regularly review phone/internet tariffs (up 21% year-on-year) and compare utility providers (an increase of 20%), and there's been a significant increase in the number of young people taking steps to control their costs too.
In the past year 42% more under-25s review their tariffs on a regular basis and 33% more pay off their credit cards each month, showing their increased commitment to proper money management. However, it isn't just a younger generation phenomenon, as 21% more people aged 55+ set themselves a weekly or monthly budget to ensure they keep their costs under control.
If you want to join them on the path to proper money management, here are several things you can do:
As you can see, there are plenty of ways to make your money go further. A bit of active money management and a decent amount of research could be all you need, so start reviewing your budget and see where improvements can be made – you might find you could make even bigger savings than you thought.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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