Save and make money #1

Here at 1Plus1 Guarantor Loans, in these blogs, we want to help you save and make money

Switching banks or testing products for cash, 1Plus1 have some savings and money-making suggestions to help you be better off financially.

1. Get rid of your bad habits

Got any bad habits making a dent in your finances?

You could be over £4,000 better off in 12 months if you give them up!

Let 1Plus1 show you how much you could save.

2. Save small change from purchases

For a simple and easy way to start saving, you could try saving the change every time you buy something.

Banks including Monzo, Revolut and Starling are allowing customers to round up a purchase and automatically save the change into a separate pot.

When you’ve built up a pot - some suggestions how to find the best savings account 

3. Save on train fares with a railcard

Whatever your age you can get a railcard.

The most well-known are the 16-25, 26-30 and Senior (over 60) railcards that can save you a third off your ticket.

The Two Together Railcard that any adult and a friend or family member can get can save you a third off most rail fares when travelling together, or a Family and Friends Railcard, where adults get a third off and kids get 60% off most fares.

If travelling in the south-east, a Network Railcard offers similar discounts.

Cards can be bought online.

4. Choose your next credit card carefully

If you already have credit card debts, consider transferring that debt to an interest-free balance transfer credit card, so you’re not paying expensive interest and can focus on paying back the money you owe.

A cashback or rewards credit card will give you something back if you have no card debt.

Compare credit cards with Which? Money Compare

5. Switch bank accounts

By switching banks you may be able to get a cheaper overdrafts, higher interest and better customer service.

It’s possible you may also make money if a switching bonus is offered by the bank you move to.

Virgin Money is (currently 3/2021) offering 15 free bottles of wine from Virgin Wines (valued at £180).

Using the switching service means it should take only seven working days to switch you over from your old account once the new account is opened.

You can check which banks and building societies are participating, you can search by name here.

Best bank accounts for cashback

6. Join loyalty schemes

An easy and free way to turn your everyday spending into savings can be Loyalty schemes. But – don’t spend to save!

You’ll know the biggest ones, such as Tesco Clubcard, Sainsbury’s Nectar and Boots advantage card.

But there are some others worth trying such as the Superdrug Health and Beauty card, the Nando’s card and for coffee drinkers, the Costa coffee club

Check out the best and worst supermarket loyalty cards.