How have my spending habits changed since the credit crunch

Since the credit crunch my spending habits have changed quite a bit. I don’t impulse buy anymore I make considered purchases. I think long term about whether an item will last and be useful rather than is it cool and do I adore it? I wonder actually if this is just part of growing older and being a mum too. Maybe I am wiser.

Shopping around for a bargain is definitely something I do these days that I never used to really bother with. I flit between supermarkets trying them all out; I was a bit of a ‘nappy tart’ as ladies like me are fondly known! I would change brand as quickly as the offers changed. I have tried out a myriad of hairdressers, boyfriends came and went, even houses and jobs. In one area however, I have only just started to think about shopping around.

Tha is in regard to my bank account.

I have had the same bank account since I was a student. I have several others now too but my main bank account which I use for everyday life, direct debits and so on  is with the same bank and has been for the last 22 years! I initially joined because you got a free student railcard and at 18 heading off to Essex University that was a big deal.

Wow must be a great bank right? Must have THE best account , the best interest rate and overdraft facility? Less queues than anywhere else?, a funky cheque book perhaps?

Honestly? I have no idea.

I have no idea why I have no idea either. I’m meant o to be smart with money. It’s a bit silly not to shop around isn’t it to see whether a different back account may better serve my needs. Indeed a different bank may be better for me too.  I ought to \at least look to see what current account offers available at all the local banks are.

I think there are a few reasons why I have never moved account but mostly its laziness, habit and convenience. I am sure these days it is a smooth transition, banks move quickly with the times and I do more and more banking online so I am sure the move would be painless.

I need to have a look around be proactive and see what is out there. Every penny counts these days. I have just been playing it safe staying with what I know.

 

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2 Comments

  1. Frugal Queen
    May 21, 2012 / 9:36 pm

    Hi Becky – I found the best deal at my own bank, I now have free banking. I don’t need an overdraft, and I don’t need travel insurance or mobile phone insurance so I don’t need to pay a monthly fee. I have five free bank accounts and I also use my cash back credit card for 3% on my £30 a week diesel costs and 1% on my weekly supermarket shop, also of £30. I move energy suppliers frequently and I move my mortgage as often as I can to get the lowest interest rates. I’ve enjoyed reading back through posts as I stayed at home with my children until they were at school, and then I worked term time only. Disposables must be a revelation! I got by on the same 12 terry nappies for both of mine, often only just getting them dry before I used the last clean one!

  2. Becky
    Author
    May 21, 2012 / 9:40 pm

    Jane How HOW do you food shop for £30! Thansk for sharing this

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