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Looking after your money and being aware of your spending habits is an important aspect if you really want to be careful about how you spend your money and make it last that little bit longer. So here is a guide on what you can do to keep in control of yours. 

Give Yourself a Goal To Aim Towards 

If you set yourself a little goal to aim towards each month it will be a good incentive to help you save money towards something nice. You could then utilise the money you saved towards a nice holiday or treat for yourself. Having a reason to save money is most likely going to encourage you to look after those pennies as opposed to just hoping to. 

Check Your Bank Balance 

You want to know where most of your expenses are going each month, so if you do keep track of your expenditures you won’t know how much money you are spending and if there are any areas in which you can save. Checking your bank balance and saving receipts is a good way to help you put together a spreadsheet of your costs so that you can identify and keep track of your spending habits. 

Keep Track of Any Unpaid Debt

Knowing how much you need to pay back in debt will be important to keep track of so that you do not fall behind on payments. Applying for an IVA debt can be a more manageable way to pay off any debt payments. It is calculated based on individual circumstances so a tailored programme would be created so that you are able to pay back what you can afford, which is far less stressful and daunting. So as long as you know how much you need to pay back and when it will help you to keep in control of your finances. 

Put Money Aside In a High-Interest Account

Searching around for the best savings account that has a decent interest rate will be worth it if it means you can top up your savings pot, without having to do much. Ideally the longer you can put your money away without withdrawing it, the better the interest rate will be. So if you do have a portion of money that you can tie away in a fixed interest savings account, it is a good way to boost your savings. 

Overall if you are good at being organised it will certainly be a lot easier to keep track of your everyday finances and help you plan towards your future savings goals. 

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