The Norwich and Peterborough family budgeting guide
Norwich and Peterborough Building Society have asked customers in its branches to provide tips on how to save money, the top 5 tips are;
- Budget for utility bills and put aside money for times like Christmas in a separate savings or bank account
- unplug all electrical items or at least ensure they are not left on standby
- Plan a weekly food menu and do your food shopping based on the list! & Don’t go food shopping when you are hungry!
- Use your ISA allowance every year if possible
- Check your direct debits every month to make sure you’re only paying for things you should be
This is good general and practical advice considering the ever increasing cost of living over the last 12 months.
Group product manager at Norwich and Peterborough Building Society, Gary Lacey,said: “At N& P, we are committed to helping families and have asked our customers for budgeting tips to do just that. It is refreshing to see that it is often the simple tips that can prove most popular such as changing your shopping habits, or saving on the electricity bills. By adhering to just a few of the tips our customers suggested, families can save little and often, which, in the long run, could add up to a decent amount of money.”
“Those who put these budgeting tips into practice in order to save money may want to consider opening one of N& P’s new Family Savings Accounts in which to put the cash they save. By making the most of their savings, families will find they can put these funds towards more of the important expenses in life.”
Some of the less serious comments included;
- No pocket money for the kids
- Marry a millionaire
- Don’t daydream in the shower and waste water
- Cut down on champagne
If you’re interested in seeing more budgeting ideas then visit the online budgeting guide at www.familieslovenpbs.co.uk