Ways to boost your everyday saving

Last time we looked at setting a savings goal. This time, it’s other tips to boost savings:

  • Open a separate savings account
  • Pay yourself first
  • Start small and gradually increase savings
  • Play mind games — take a “pay cut” or use a picture
  • Seize big opportunities when expenses fall or income increases
  • Take inspiration from champion savers or extreme saver movements

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Mary Holm is a freelance journalist, a director of Financial Services Complaints Ltd (FSCL), a seminar presenter and a bestselling author on personal finance. From 2011 to 2019 she was a founding director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it.