How the 30-day savings challenge works

Here’s how it works:

  1. Whenever you feel the urge to spend — whether it’s for new shoes a new car or new golf clubs, put the item back on the shelf and go home.
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  1. When you get home, take a piece of paper write down the name of the item, the name of the shop or showroom where you found it and the price. Also note the date you had the urge to buy the item.
  2. Now post this note in the home, somewhere obvious: a calendar, the fridge or, a bulletin board.
  3. For the next thirty days, think whether you really want the item, but be sure not buy it.
  4. If, at the end of a month, the urge is still there to buy the item then consider purchasing it.

That’s all there is to it. But it’s surprisingly effective.  I suppose it’s about delayed gratification.

The 30-day rule works especially well because you aren’t actually denying yourself; you’re simply delaying gratification.  This rule has another advantage: it gives you a chance to research the item you want to purchase. This can save you from grief of buying something that you later regret.

Cheaper mortgage interest payments

  1. FIX THE RATE FOR A LONGER PERIOD

If you haven’t fixed your mortgage rate, MOVE IT NOW…. Banks and building societies start pulling their best deals as rate hikes loom.

Some three million people are paying their lender’s standard variable rate (SVR) — the rate to which a mortgage reverts at the end of a fixed deal — which currently averages 4.76 per cent.

Fixing your loan gives you the peace of mind that for two, five or even ten years, your repayments won’t change.

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Secret santa gifts on a budget

Secret Santa Christmas gifts on a budget

Everyone loves Christmas but all the preparations can be exhausting.  Who has time for all the shopping, wrapping and preparation it entails.  I have to admit that used to fill me with dread the “Secret Santa” challenge.  Buy a present for a colleague in the office on a budget without causing a major breadown in relations.   It can be so difficult to buy a gift for someone you don’t know very well, and maybe don’t even like that much !   This is where the #sdfiverchallenge comes in – why not take the stress out of the shopping with a choice of £5 gifts from sports direct online.  Get your presents sorted without even leaving the comfort of your favourite sofa.   Read More