Saving for the future
Save as You Borrow: a unique way to build savings
When it comes to managing finances, getting the right balance between saving and borrowing is often a challenge. Many people find themselves needing to borrow money, whether it’s for an unexpected emergency, home improvement, or a special purchase. Credit unions are financial institutions that provide people the opportunity to borrow and also save at the…
Read MoreThe benefits of joining a payroll deduction scheme with a credit union
Managing finances should not be a headache. By joining a payroll deduction scheme with a credit union, a portion of money can be deducted from your salary (after tax) and used for savings or loan repayment. Credit unions are ethical and responsible institutions that promote financial well being and inclusion for their members. Many have…
Read MoreThe 50/30/20 method of budgeting
The ‘50/30/20’ method is a budgeting tool and can assist you in managing your money more efficiently. Using this method of budgeting is a good way to increase your savings. Savings are a crucial part of money management. Recent UK saving statistics found that 34% of adults have either no savings, or less than £1000,…
Read MoreSave money by using cash instead of a card
Save money by using cash instead of a card. If you walk into a supermarket with only a £10 note, you’ve limited your spending to a tenner. Sounds obvious, but it’s an effective way to control your spending. Furthermore, it’s really hard to stick to a maximum spend if you’re using a debit card. And…
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