How to save for a rainy day

Resolved to improve your saving habits but not sure where to start? Don’t stress. We’ve got a feeling that 2022 is going to be the year you get your savings back on track.

How? With the help of our five handy tips and tricks. Let’s check them out.

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Tip 1: cut down on takeaways

We know, this one sounds miserable. But we’re not saying go cold turkey - significantly cutting down on your takeaways could save you up to €1000 per year. That’s a whole lot of pizza.

Tip 2: dedicate time to life admin

This is a simple yet effective one. All you’ve got to do is go through all of your outgoings and check for sneaky subscriptions that you’re paying for but not using. Signed up to a TV streaming service just so you could watch that one series? Time to get rid! Doing this every month could save you over €50.

Tip 3: keep your shopping habits in check

Passionate about online shopping? We feel you. While it’s super-convenient and stress-free, it can sometimes be a bit too easy - minimising those one-tap purchases could save you up to €100 a month. Not sure how? Start by deleting the app you use the most. Out of sight, out of mind!

Tip 4: get selling

There are numerous apps out there to help you quickly and easily sell on your unwanted items. So, start sorting through your wardrobe and get rid of anything you no longer wear. It’s a win-win - someone else gets to enjoy your preloved clothes, and you get to enjoy some extra pocket money.

Tip 5: earn the highest possible interest rates

So, you’ve managed to save some money this month - now it’s time to grow it. Put your funds in an X-Account in the Wirex app and you’ll immediately start earning up to 16% AER on them. You can open up to 10 X-Accounts - which you can name after whatever it is you’re saving for - and get each one up and running in just a few minutes. Plus, you don’t need to worry about minimum amounts, fixed terms or any fees whatsoever.

Open an X-Account now to give your savings that additional boost!

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6 Likes

Some really good tips for me, NO for takeaways for sure :kissing_closed_eyes: