MANY people dream of being able to take their family on a holiday to Disney World – but it can be expensive when you add everything up.
One couple shared how they managed to easily save £3,200 with little effort and didn’t even notice the cash being gone.
Shannon and her family managed to save £3,200 by putting spare change in her money bottle[/caption]
Shannon was able to take her family to Disney World with the savings[/caption]
Shannon, who posts under @shannonday29, shared how she used one of the saving bottles that you add loose change to, as her method.
All she had to do was put in spare coins that she found in her wallet and around the house.
After two years, they had filled up the bottle and were able to take it to Natwest to cash in their coins.
After tipping it in the machine, they were amazed to discover they had saved £3,261.
Many people were hugely impressed with her saving, and rushed to the comments to give their views.
One said: “Wow that’s amazing.”
Another added: “We have a bottle like that!!! Well done!”
However, one joked: “I have that coke bottle. Only 2 inches filled in the last 7 years.”
SAVING FOR CHRISTMAS
Christmas is just around the corner, and if you are looking for a way to put some cash aside for presents and decorations, there are some tricks to try.
One way to make sure you can afford the cost of Christmas is by working backwards.
Figure out how much you will need to spend on all your Christmas presents and food.
Next divide this by the number of days until Christmas.
Every day in the run up save this amount into your savings account or put the cash in a jar.
If you think you’ll spend £300 then you would need to save just £3.09 a day until Christmas Day.
SUPERMARKET SAVINGS
Several supermarkets offer schemes that give you a bonus towards your Christmas shop.
Most supermarkets pay out the bonus based on the total amount you have saved by a certain day or month.
For example, with Tesco’s Christmas Saver account, you get a £12 bonus once you have saved £200.
This would come in your November Clubcard statement in two parts.
The first is a voucher equal to the amount you saved.
You will also get a bonus voucher, which you could then use to pay in store or online.
Tesco, Asda, Iceland, Sainsbury’s, Co-op and Morrisons all offer these schemes.
Iceland’s is the most generous and has a maximum bonus of £50.
There is no cut-off to pay in and the bonus is paid within 48 hours.
Money saving challenges
Here’s some of our favourite money saving challenges.
- Weather saving challenge – Save the amount equal to whatever the highest temperature was that week. £1 = 1C.
- 1p challenge – save 1p a day for everyday of the year, but it increase the amount by 1p each day. So day one you save 1p, 2p on day two and 3p on day three. When you reach 100 days you start adding a £1 coin each day too, while this increases to a £2 coin each day plus pennies at 200 days, and £3 each day on top of pennies at day 300.
- 20p a day challenge – Start by putting 20p in savings, then increase the amount by 20p every day. For example, the first week will look like this: 20p, 40p, 60p, 80p, £1, £1.20, £1.40.
- £5 a week challenge – Like the 20p challenge, put aside £5 a week and increase it by a fiver each week. Eg £5, £10, £15, £20
- Round-up challenge – Every time you buy something, round up the purchase to the nearest £1 and put the difference in a savings account. Eg. You pay £2.60, so you put 40p in savings. You can use an app such as Monzo or Starling to do this.
- Bingo challenge – Here you have a bingo card with different numbers on it and you tick them off when you’ve put that amount in your savings account. It can be ad hoc but you have to tick them all off by the end of the month.
- Monday to Sunday challenge – With this challenge, you simply save £1 on Monday, £2 on Tuesday and so on until the weekend where you don’t save on Saturday or Sunday.
- 365 day challenge – Every Sunday you put aside £1, followed by £2 on Monday, £3 on Wednesday and so on. On Saturday you’ll put away £7, and then the process repeats and you’ll put aside £1 on Sunday as the new week begins
