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The Best Way To Save Money Fast

The Best way to save money fast

The best way to save money fast starts with understanding how you spend your money. It is impossible to save efficiently if you do not know how much money is going out the door each month. With that in mind, there are a few simple techniques that make managing your outgoings easier.

Consolidate Debt

The best way to save money fast if you have debts is to look at the interest rates on those debts. If you have high-interest debts you can save hundreds every month by taking out a lower interest loan to consolidate your higher-interest debts. We offer this type of loan to people who may be carrying balances on credit cards or other high-interest lending. 

Use loyalty cards

Once you have your debts in order, the next best way to save money fast is to use loyalty cards. These can be supermarket cards that reward you with coupons, credit cards that pay you a percentage of your spend or even a punchcard at your local car wash. 

Remember, a loyalty card is not an excuse to spend more. It just helps you out a bit by making the things you were already going to buy a bit cheaper. 

Compare prices

The best way to save money fast on things like your car insurance or other services is to use comparison sites. Use these for your car insurance, breakdown cover, utilities, mobile phone contracts and anything else you can. It will save you hundreds each year and prevents you from ending up on an expensive rolling contract. 

Now that we have your outgoings sorted, it is time to look at where you should be putting your money. Plenty of banks have deals or introductory perks but most high street banking offers are nowhere near as good as they used to be. 

All of these money-saving tips will help you in both the short and long term. If you need a larger amount of money immediately, Everyday Loans can help. We lend money to people across the UK. Apply today to find out if you are eligible for one of our loans.

Posted in Saving on Jan 18, 2021.

Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £238 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.

Andrew Wayland - CMO

Andrew WaylandAndrew helped set up Everyday Loans back in 2006 acting as the driving force behind the sales and marketing strategy for generating business to this day. Prior to his position with Everyday Loans he worked as the Head of Commercial Development for a tech start up and ran his own PR agency for around 5 years.