4 min read
Flowers are blooming, brighter evenings are almost here and it feels like Spring has officially sprung! Most of us have spent a lot more time at home in the last year than ever before, and with restrictions here to stay a little longer, it’s the perfect time to take your Spring Clean one step further. From cancelling unused subscriptions to automating your savings, we have pulled together a few quick ways to clean up your finances and put a spring in your step!
Clear the Clutter
A good way to start your financial spring clean is getting everything organised and simplified as much as possible. Shred any paperwork that’s no longer needed and consider backing up important documents digitally. If you’re still getting paper-based bank statements and bills, going paperless will reduce your paperwork clutter and your carbon footprint in one go. As a bonus, many companies now offer discounts for paperless billing!
Organise your Outgoings
Taking a little bit of time now to organise your outgoings will save you a lot of time on your “life admin” going forward. Take the time to set up direct debits on all your monthly bills and payments – your future self will thank you! Pro tip: you can change the dates when most bills are due and choose when most payments are withdrawn from your account. Aligning your outgoing direct debits with your payday will help you keep on top of all payments and make sure you never miss a due date.
Streamline your Subscriptions
According to NatWest, the average person in the UK wastes £39 a month on subscriptions they don’t use. If you’ve been putting off cancelling ingredient delivery subscriptions, or monthly subscription boxes you no longer want, take this as your sign to do it! Other ongoing payments can slip under the radar quietly, so check your bank statements for any unused apps, TV, video or music streaming subscriptions, or free trials you signed up for and forgot to cancel.
Simplify your Savings
Make saving money as effortless as possible and you’ll be amazed at just how much you can put away without noticing. Remember those subscriptions you forgot you were paying for? One way to trick yourself into saving more is to treat your savings like a monthly subscription - consider setting up a direct debit to a separate savings account on payday and forget all about it! Some banks also offer round-up features allowing you to build savings by rounding up all your payments and sending the difference to a separate account.
Clean up your Costs
We get it, life is busy and when it seems like there’s never-ending to-do lists, it can be tempting to let your car, home or business insurance auto-renew. Auto-renewals can cost you a lot more, but they can also result in you paying insurance for an outdated policy that is no longer relevant to your current circumstances.
It’s important to have the right insurance in place to protect your car, house and belongings and AbbeyAutoline is here to help! Get a quote in minutes or give us a call today on 08000 66 55 44.
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