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Make Your Money Work Harder

Make Your Money Work Harder
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No matter how well off you are, a bit of extra cash never goes wrong. You may not be able to bag yourself a lottery win or a massive pay rise, but there are ways you can make the money you do have work harder for you.

Shop around

Most of us tend to compare prices when making a big purchase. However, it’s amazing how much cash you can save by shopping around for the little things too. Making sure you get the best possible price for everything you buy, this may sound like hard work but the money you save can make it worthwhile. Don’t forget to check price match deals when you go to the supermarket, don’t be afraid to do your shopping in more than one place.

Check your bills

When you signed up to your energy/insurance/broadband/television/mobile provider you probably did so because that particular company was offering the best deal at the time. But now you’re a few years in and the bills have crept up without you really paying much attention. Check all your bills; compare them against other companies to make sure you’re still getting the best deal. If not, then switch.

Get paid for spending money

Yes, you did read that right. If you make purchases online you can get a little of your money back by shopping from certain websites. Basically, you log onto a site such as topcashback.co.uk and link to the online store from there. You can usually join up for free; the site will pay you some of the commission it receives from advertisers. You can also make use cashback credit cards to make your money go further. When you spend on one of these credit cards, you get a certain percentage of the cost back. The trick to getting the most from these cards is to pay the balance off in full every month so you don’t end up having to pay interest.

Make Your Money Work Harder

Switch banks

How often do you check the interest rate you’re getting on your current or savings account? You may find that by switching banks you get a better rate, meaning your money will earn you more interest just by sitting there. These days, banks will normally offer to do all the boring stuff like changing direct debits for you so opening a new account doesn’t have to be a major hassle.

PPI

Okay, so you’re probably sick to the back teeth of hearing about PPI, but if you’ve ever had a loan or a credit/store card then it is worth checking out. Courts found that banks and other lenders had been mis-selling Payment Protection Insurance and have been ordered to pay it back to affected customers. The only catch is that they won’t hand it to you on a plate; you need to claim it back for yourself. If you like you can employ an agency to do it for you but you’ll have to pay them around 30% of your refund, so you’re better off doing it yourself.

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About Maria Brett

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About Maria Brett

Maria is a freelance writer with over 10 years' experience producing content for a variety of publications and websites. When not working or looking after her two gorgeous sons, she can usually be found playing flugelhorn in a brass band, helping out at her local hospital radio station, shouting at the television while watching Formula 1, at the cinema or plonked on the couch with a cold glass of wine.

Website: Maria Brett

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