The cost of living is undoubtedly making us all more money conscious and up and down the country everyone is desperately looking for vital ways to save some extra cash.
From wartime cooking methods, protests from inside your own home and even stripping back basic ways of living – people are frantically trying anything and everything to save pennies. But what if I told you there was an easier way?
Save the Change is the genius way to count up your loose change through your online banking. Available at Lloyds Bank and Halifax to name a few it’s the digital equivalent of those penny jars we all have in our home – but never find the time to take to the bank!
READ MORE:Martin Lewis warns millions of workers to check their tax code now after NI hike
How does it work?
In its simplest form, you sign up for a savings account and spend on your debit card as normal. For example, if you spent £1.70 on your daily coffee, your bank will then automatically round this cost to the nearest pound, so in this example, your coffee would be rounded up to £2, with the remaining 30p automatically going into your dedicated Save the Change savings account.
The great thing about this is when we’re spending our money our brain is very good at rounding up anyway. When was the last time you saw something priced at £5.99 and rounded it up to £6 in your head?
What did I save?
Starting first with commuting and travel. With four bus tickets priced at £3.70 each that’s 90p or nearly a £1 a week. That’s £3.60 a month – Not a bad start!
One of the most important parts of every day – daily coffee. Coming in at £3.75 per day, that means 25p each day goes into savings – totalling £1.25 for the week or £5 for a month.
I do my food shopping twice a week thanks to pets that…