How to make money and save money in 2021
New Year brings new solutions. If you want to make and save more money, which one? can help with some tips to help improve your cash flow.
From changing banks to testing cash products, we’ve compiled a series of 21 earning and saving tips you can use to improve your finances in 2021.
Save your spare change.
If you’re looking for a simple and easy way to start saving, you can try saving change every time you buy something. Banks including Monzo, Revolut and Starling allow customers to round off their purchase and automatically save change to a separate basket.
Get rid of bad habits.
Do you have any bad habits that are affecting your finances? According to new research by savings company Hargreaves Lansdown, you could be over £ 4000 by the end of next year if you decide to ditch them. The table below provides some examples of how much you can save.
Choose your next credit card carefully
If you are entering the new year in debt, you may want to consider transferring your credit card debt to a credit card with an interest-free balance transfer. This way, you don’t pay expensive interest and can focus on paying off your debt. If you’re out of debt, you may want to consider getting a cashback or a bonus credit card to get something in return. These cards are not suitable for borrowing due to the high interest rates, so you will have to pay off the balance in full every month.
Buy a train card and save on travel
You can get a train card no matter how old you are. Cards for 16-25, 26-30 and Senior (over 60) are the most famous and can save you a third of your ticket. But any adult and friend or family member can get a Two Together rail card, which can save you a third of most rail tickets when you travel together, or a Family and Friends Railcard, where adults get a third and kids get most of the fare. If you are traveling in the southeast, you can buy the Network Railcard, which offers a similar discount.
Change bank account
You can access cheaper overdrafts, higher interest rates and better customer service by changing banks. In addition, there is a chance that you can also make money if the bank you move to offers a transfer bonus, although they have largely disappeared this year due to the coronavirus. This does not mean that banks will not re-introduce offers in the new year, although the only offer from Virgin Money is currently available, which offers 15 free bottles of wine from Virgin Wines (worth £ 180). Most banks have agreed to use the switch service, which means that it only takes seven business days to switch from an old account after opening a new one.
Sign up for loyalty schemes
Loyalty schemes can be an easy and free way to turn your daily spending into savings. You’ve probably heard of the biggest ones like the Tesco Clubcard, Sainsbury’s Nectar and the Boots advantage card. But there are others to try, like the Superdrug Health and Beauty Card, the Nando’s Card, and the Starbucks Reward Card for coffee lovers.