*This competition is now closed*
Tesco are currently celebrating the launch of Tesco Mobile’s new Capped contracts, an innovative new way to help families manage their monthly mobile spend.
Take a look at the new advert showcasing this: http://www.youtube.com/tescomobile
These tariffs allow full control of spending and so take away any worries about unexpected
bill surprises, really important where children or those with their very first phone are concerned!
Capped tariffs ensure your monthly bill is never more than the cost of yourtariff
• This is done by fixing your tariff so you can only use your inclusive minutes, texts and data
• The ability to top-up your account with a Pay as you go top-up, if you run out during the month
• The choice of Capping any contract on any phone across their whole range – a unique offer in the mobile market
I think this is such a brilliant idea don’t you?
Competition
Tesco wanted me to pass the message onto my lovely readers by offering one of them the chance to win
a state of the art Samsung Galaxy S II phone from the baby budgeting blog.
You can check out the phone here at The Tesco phone shop but basically it is super sleek, slim and powerful and hass great battery life, sound and picture clarity. It really does look AMAZING!
Easy to win too. All you have to do is answer this question in the comments below.
What money saving tip wouild you pass down to your child ?
Obviusly haelping our kids to be budget smart will make the quality of their lives much better. I am really keen to know how you will help them. capped contracts are a good start but what would you do?
T&C’s
Winner picked at random on 26/10.
UK entries only please. Babybudgeting’s decision is final
Good luck everybody!
You can check out the phone here at The Tesco phone shop but basically it is super sleek, slim and powerful and hass great battery life, sound and picture clarity. It really does look AMAZING!
My tip will be to always cook from scratch as it is a lot tastier and more money can be saved.
What a great comp! So many things I’d warn them about but I think the main thing would be to never ever get credit or store cards. You can spiral out of control so easily.
Before going shopping make s list if what you actually need, avoid special offers on items you don’t require, use money saving vouchers for thing you need and don’t assume Multibuy packs will save you money check out the same product as a single item and price compare
Oooh great prize! Meal planning carefully. Saves time, money and wondering what’s fir tea!
Ooooh , what an exciting competition!!
I think that it’s really important to teach children the value of money and how to save it successfully.
We are not a well-off family , by any measure and I think that some of my values have already been passed down to my 4 year old – she realises that treats of big toys and days out to theme parks cost lots of money and need to be saved for.
Over the summer holidays she completed some simple chores (packing away toys etc) and was given pocket money which she saved for a trip to Toys R Us!!
If I had to pass one money saving tip down to my children , it would be to only buy what you can afford!
If you want something expensive you have to work hard to earn the money to pay for it.
We don’t have credit cards etc for that very reason , if we can’t afford it – we don’t buy it!!!!
Good Luck to everyone who enters this competition – it really is an awesome prize!
I’ve also RT’d the message on Twitter (I’m @TheDizzyMama) to spread the news of this wonderful competition!
XxxX
Mine is be provident, always look to the future
My mum taught me how to make a few really basic things, white sauce, bolognese sauce, scones, cakes, roast… and more! Ok more than a few… but her showing that these things can be cooked easily from scratch has meant as a mum myself I am now doing the same. I may not be as good a cook as her but I’m going to teach Imogen all the same things as it’s a great money saver when you’re older (and tastier too!!)
Thanks! Emily xx
I would love my children to save for what they want, rather than using credit. They woul grow to appreicate the things they have.
Nice vompeition, thanks.
My best money saving tip would be to never have a credit card: in the long run, though mine helped me out short term, it cost me thousands to pay back.
The best advice I could give would be to save. Save for something you really want or save for a rainy day. Saving allowed me to take extended maternity leave and spending time with my children has been priceless.
Always save some money each week, even if it’s only a few pounds, you never know when you might need it.
My favourite money-saving tip for kids to enjoy is to join the library!
We need to join our local one as I miss our old library since we moved. Kids can have a continuous supply of ‘new’ books to borrow and read for free!
Fab competition, thanks so much and good luck everyone!
Encourage them to check out the competition in shops, don’t just go for the first item you see, and check out deals, get them to keep their receipts and scrutinize where they are spending the most money. If they do this at a young age then they will learn how to keep the pennies saved and pounds gained!
To shop around to get the best deal
That addiction will always cost you money – avoid it if you can. It’s probably a good job I don’t have girls cos I’m totally talking about my shoe addiction!
id teach them to have a rainy day fund because you never know what will happen.also teaching them responsibilities.not blowing the whole amount on sweets!squirreling money away is the best way
It’s not exactly a money saving tip, but I’m going to teach my little girl only to spend what she’s got – not to rely on credit/store cards. They only help if you are organised and can pay them off in full on time and it’s too easy to make a mistake and be landed with huge charges!
Look after the pennies and the pounds will look after themselfs!
To never go shopping when hungry and to walk around the supermarket twice – the second time round makes you think twice and put any impulse buys back!
buy only what you need.
Only buy anything that is reduced in sales etc- if you really really need it – think of what you are spending and not what you are saving.
If you decide / see something in a shop that you really can’t be without, DON’T buy it!
Wait until you get home, not only will it probably be a lot cheaper online, but you may decide you don’t actually need it!
x
My money saving tip would be don’t spend any money you haven’t got in your hand!
To open their own bank account as early as possible and to save some of their pocket money and watch their money grow. I would teach them about swapping money around to get better interest rates too when they are old enough to understand.
My favourite money saving tip is to make your own baby food. Boiling a potatoe and a parsnip doesnt really take that much time, mash them with with a fork or old fashioned masher, and save a fortune on those little jars.
Shop around for the cheapest deals.
I would say check your bank balance every day as this has helped me to budget and something I never used to do and then I would spend like mad. It would also be a good to save money each month for unexpected purchases or to save for what you want rather than use credit.
Never to be embarressed about using vouchers or money off coupons, every little helps.
Save your change in a jar, it’s amazing how much you can accumulate throughout the year.
Always eat before you go shopping and then stick to your list.. will save £’s at the till and lbs on your hips x
Do I really need it?
Always ask yourself do I really need it and do I need it now? If the answer is NO, it can wait until another day!
Don’t live beyond your means – if you haven’t got it, don’t spend it.
own brands are often as good as or better than designer names
My biggest advice is the same my mother warned me about. Avoid getting into credit cards and charge cards as trouble comes with this. Also, coupons are great little things and so is making your meals rather than buying them frozen. Save money, even if it’s only $5 a week as it adds up fast and place it in an IRA account for a rainy day or for emergencies only.
Also, generic brands and off brands are just as good as the expensive name brands. The same pair of jeans that you want for $60 can be found somewhere else for half if not more less and are in just as amazing shape and look identical.
Only buy what you can afford and NEVER get a credit card
Don’t be afraid of second hand goods, they do the same job at a fraction of the price.
This is something that was drilled into my dads head and my dad then drilled into mine (My grandad still continues to tell me and my dad lol bless him)
If you want something, SAVE UP for it. DON’T do Higher Purchases, don’t get loans and credit cards etc.
You will risk getting yourself into debt and paying off more than you originally wanted.
I’m 27 years of age and I haven’t got a debt in my name. I got in debt when I was about 18 thinking I could handle it and I was only a few hundred in debt but it was horrible, I’ve been debt free for yonks 🙂 If I was to build up my credit rate, I would get a credit card, and spend money that I could put in the day after etc.
I’m currently saving for my next car and the years insurance.
This keeps you out of debt, saving money in the long run and you have less stress about the next months bills coming through 🙂
Best advice I ever had 😀
mine would be when your child hears the tune of the ice cream van and wants an ice cream.tell them when the van plays a tune it means they have run out of ice cream!
My tip is to always check prices before you buy and don’t rush into to it as chances are its cheaper in the next shop.( In fact I am already showing the oldest this and she’s 8.)
No one can anticipate all of the situations that present themselves in life, so common sense becomes the go-to guy when difficult and unfamiliar challenges are upon us. Assuming you possess this gift, two ways exist for passing it to your progeny—first, by employing common sense in everything you do, and second, by engaging in common-sense discussions at home.
Never use a credit card, if you can’t afford it – you can’t have it. Save before you buy
Never buy name brands – it’s pointless!
If you are going to buy toys or comics keep them in good condition as they might be worth something in the future.
save every penny up, it will all add up! i have piggy banks for my children and get them to do this and every month or two they end up having a good bit of money to spend on a treat…all from pennies! i think it is a great way to teach them to save!
I used to want to spend my pocket money straight away as soon as I got it but I was told to save it up and then I could get something better in time! Taught me both how to sae and to be patient 🙂
Little & often , acorns grow into large oak trees
Never borrow what you know you cant pay back!
I would tell my kids to always save a little forr a rainy day, and never go in to debt
Shop wisely as a penny saved is a penny earned
My money saving tip for my daughter was for her to do a clothes exchange with her friends, which they all agreed they had a vast amount of, and only seemed to use maybe 5-10% of it.
Have a get together and do a clothes exchange for the things they did not like / want or even wear.
They were all very happy with their ‘new’ clothes, and still perform this trick today, saving an absolute fortune ;0)
ALWAYS PUT MONEY TO SAVE EACH WEEK AND ONLY USE THAT IT AN EMERGENCY
Only ever make an impulse purchase if you have the cash there and then to pay for it. Credit cards should only be used for planned purchases, or emergencies!
My tip is ‘If in doubt, just say no!’ which can apply to anything, store cards, loans, drugs.
I hope if I say it enough they might just listen to me. 🙂
Golden rule – don’t spend it if you haven’t got it
always think before any purchase “do I really need this item? will I still be using it/happy with it in few weeks time?” if the answer is no, then think about it carefully over the next 24 hours.
id teach them to have a rainy day fund because you never know what will happen.also teaching them responsibilities.not blowing the whole amount on sweets!squirreling money away is the best way
Reuse teabags little johnny
Always haggle. If you don’t ask, you don’t get.
If you haven’t got the money in your hand to pay for it, don’t buy it.
I would say to my children that if they want something expensive then it has to be saved for. If it takes you a few months to save for something, you may find that the initial desire has worn off.
Stops rash purchasing and also encourages saving money!
Keep a record of every single penny you spend for at least one month – they’ll learn a lot, works for all ages as well!
Stay hungry, stay foolish… no wait, that’s not it. Switch energy suppliers. Apparently not enough of us do it…
If you ever have money problems always look to the family first,we will not judge and would try to bat on your side.
You can’t buy true happiness, but your spending will make the rich richer.
Save the pennies because they make pounds and eat home made meals much cheaper than take out
Make homemade meals and freeze them, saves a fortune! Always have savings as a ‘just incase’ precaution
Save up for what you want rather than borrow
I would advise my kids to enter competitions! 😉
Also – If they want something – wait for the sales
Use price comparison ites
I would teach them the value of money and ensure they save up for things they want – never use credit cards or store cards etc. This will make them feel as though they have achieved something when they gave saved enough and also keep them out of debt.
be organised, budget, and spend what you need and save the rest
Build up a pot of savings, then if you need to you can borrow from your pot. The interest rates are much better that way!
I would teach them to keep a reserve fund because you never know whats going to happen.
always Look after the pennies and the pounds will look after themselves xx
my tip is.. to only buy things if you really need them
I will teach my children to be able to cook with all sorts of ingredients which will mean they can make a meal out of whatever they have in the cupboard and save money on shopping and takeaways I hope….
Never go food shopping on an empty tummy you always spend more!
I would tell them to be careful about what they spend their money on and to also look around for the best deals/prices before making a purchase particularly if expensive.
Thanks for the fantastic competition!
I would say to save something every week – even if only £1, just something each week.
i tell my son to give his pocket to me to save for him. I keep it in a jar and hide it until hes saved enough for whatever he wants, that way he’s not tempted to spend it!
Budget carefully for your groceries and shop online so you don’t over-spend!
Never spend money do don’t owe.
DON’T HAVE CHILDREN! 🙂
Buy low, sell high !!
My money saving tip is to teach children the difference between ‘want’ and ‘need’ and once they understand this to learn to save (with the best interest account) to purchase the needs. Understanding how putting their savings into an account will help them grow quicker when the interest is added to their savings encourages them to learn to save all their life.
My tip.. is shop around, there’s always a cheaper deal to be found elsewhere!
My tip would be, premium items are a want and not a need. Never pay for anything on finance or credit. Always look after your money and save your pennies! It’s better to not have a want and have a stress free mind, or debt free burden! x
Don’t waste money, watch every penny and then when you want to splash out on something really special you’ll be able to.
Drive slower because you’ll save money on fuel and be safer.
Spend you parents money not your own.
I would tell them to only buy what you can afford and save up for those special things!
Don’t have children.
Look after the pennies & the pounds will look after themselves.
Use money off vouchers when shopping and always take a list
Buy reduced food and freeze it, then use it as you require. It’s a lot cheaper than paying full price.
My money saving tip that I have already passed on to my children is always sleep before you make any purchases. In other words don’t go buying anything on impulse after window shopping – whether it’s a dress, new shoes or new curtains. By the next day you may find that you really don’t want what appealed yesterday
You can find a use for anything.
Don’t use credit cards, and try and save at least 10% of your income (even your pocket money!).
All advertising is trying to do is make you buy things which you don’t need and will not make you happy.
Home Made foods/meals will always work out cheaper than ready made meals or take-aways, EVEN if that sometimes means making a few at once and freezing them – plus you can always guarantee what goes into your own foods and that’s priceless!
Budget, save before spending.
Check Money Saving Expert every week!!!!
Never use the internet when roaming and don,t have kids lol
Buy what you need rather than what you want.
My tip is to always have a monthly budget for EVERYTHING, from clothes to food, hobbies to gifts- make a note of everything you spend, even down to that last fizzy drink or smoothie, then you can tote it up along the way and you will then see (a) how much different things cost you and where you need to make savings (b) you will also know when your budget is running out for certain things each month and you will be able to budget more carefully in future. It’s helped me in hard times and will hopefully help my children.
never go shopping when your hungrey you will just buy junk lol
i have always taught mine to wait before spending their money, for example when they have their christmas money i always make them consider very carefully what they want to spend it on, when they are sure, we then research together where they can get it the cheapest, then the money that is left over they put into their savings account, sometimes they have even decided that they don’t want an item after all!
How to make a meal for under £1 at the end of the month when the money’s run out.
To live within your means and put aside something regularly for rainy days. To check what you already have before buying anything and then check where you can get it cheapest.
Dont buy what you can’t afford
My tip would be to ask ”is it a ‘want’ or a ‘need’ ”
To consider buying own-brand goods before the expensive brands. Afterall, what’s in a label.
Always keep money aside for a rainy day. Don’t rely on credit!
Put your small change in a jar as it soon adds up and always compare prices and look for discount vouchers before you buy
Always shop around for larger and smaller purchases. In this day and age of the internet it is easy to compare prices from shop to shop. You can save a small fortune just by researching before taking the plunge on a purchase!
Don’t follow fashion or trends, create your own.
Penny Wise Pound Foolish, always have a change bank, it can go a long way
Do you REALLY need it? This question is the frugal shoppers best friend!!
Never get carried away with credit card/loans etc..
I would tell my children that they should save for what they want. Unless its an emergency ie: Fridge has broken & you have no cash, save for things. I hate credit cards with a passion and will strongly advise my kids against ever getting one. So many members of my family get loans and use credit cards for silly things and then moan that they have no money. Well if you want to get a loan and spend it on silly things like tv shopping, don’t moan you have no money a few months later. Be sensible with your money.
Mine would be…..only buy if you have the money in the bank. Credit, has been the down fall of too many people. x
Never Gamble as the bookie always wins.
Save,save,save for those unexpected bills & never rely on credit cards- if you don’t have the money you can’t afford it anyway!
My tip would be to compare prices in different shops for thing you are thinking of buying
If you ever want to buy anything save for it and never sign up to a credit card
Always compare the prices on line before you buy..
Don’t spend what you don’t have….
Mine would be always wait for the sale and plan in advance when possible i.e christmas, birthdays and monitor your spending dont wait for your card to be rejected 🙂
My tip; Never ever have credit for anything.!
cook from scratch no rubbish ready meals.
I think to only spend within their means and to save for the things they want that way it makes what you get so much more meaningful!
: )
My top money saving tip would be, save half and spend half of all birthday money and christmas money you get, it soon mounts up and you still have some to spend!
Save energy by turning off electricity etc. after use
Spend a little and Save a little,as long as you dont get debt and try save for the items you want,at least its yours and youve saved money not having high interest added to what ever you buy if you pay by cash.
Don’t spend what you don’t have.
Treat savings as if they were a bill you have to pay every month. Pay your bills and put your savings away and then what is left is for spending. This is the way of successful savers.
dont buy on credit – if you cant afford it now – save up for it
Never leave beyond your means, and only spend the money that you have rather than relying on credit. Save money when you can, as you never know when you are going to need it.
The only credit you should ever use is a mortgage!
also, keep your leftovers, you’d be surprised what you can make with yesterday’s scraps, being economical with your food really adds up in the long run!
Mine is to save for something big rather than buy now pay later. You never know what may happen ‘later’
There is so much money saving advice to pass down its hard to be able to just pick one. I will go with dont be a lazy shopper. Shop around and get the best price you can. Where possible use charity shops as not only do you get discounted prices but the money goes to a great cause!
When making big purchases, research and think for a least a week before buying as you may find you change your mind
Batch cook things like home made soups and stews and put them in the freezer, then on the days you are too tired to cook instead of ringing the takeaway just whack them in the microwave on defrost and then heat up.
Never spend what you do not have.
Don’t spend what you don’t have! And try to have some money to fall back on – that’s what my Mum taught me and I am debt free.
If you want something save for it. When you’ve saved for it see if you still want it.
My tip would be don’t ever ever get a credit card or loan!! if you can’t afford you can’t get it
Live within your means and put a bit by, every month.
Look after the pennies and the pounds will look after themselves
My tip would be to only spend the money that you actually have. Once you start with credits cards its alltoo easy to “put it on the plastic” and before you know it you have a life times debt
I’d pass down that tesco can’t be beaten on range or value
do your homework before you buy and always shop around
Make your own lunch and don’t waste money buying it each day!
Use a spending diary so you can budget and keep track of how much you’ve spent and on what.
Don’t live beyond your means – if you haven’t got the money to buy it, don’t buy it!
Save a little every week from whatever you have
ASK YOURSELF DO YOU REALLY NEED IT, IF NOT DON’T BUY IT! AND SAVE A BIT AND TREAT YOUURSELF… LEARN BENEFITS OF SAVING FROM AN EARLY AGE AND THAT EVERYTHING ISNT HANDED TO YOU ON A PLATE!
use ebay, its full of bargains!
save a little its buils up even small amounts 🙂
shop late on in the day and pick up bargains from bakery aisle also best befores are a guide food doesnt go off at midnight on the day of the best before , also if you dont need dont buy 😀
Do you need it?
Can you afford it?
If the answer is NO to both questions then don’t buy it.
I would suggest that whilst Christmas and Santa is a lovely time for children Parents should not spend so much on so many toys/ expensive toys as your children will be happy with less toys and more love and interaction from parents!!
If you can’t afford it…. don’t buy it!
Cook from as many meals as you can from fresh produce in bulk and freeze them. It is healthier and will save you money on takeaways when you do not have time to cook.
Look after the pennies and the punds will look after themselves.
An oldie but a goody!
Love the idea of a capped contract!
My advice would be planning meals when doing the shopping to ensure minimum waste and maximum fresh taste!
look after the pennies and the pounds will look after themselves
if you need it – get it … if you only want it -think about it first!
Don’t have kids !!!
Look after the pennies, because you never know when you’re going to run out of pounds. And if pennies is all you have, don’t worry, a cuddle costs nothing.
listen to martin lewis and join the mse forum
If it’s on special offer and doesn’t go out of date. Stock up!
Do not shop for food when you are hungry!
I’d give them the best advice I took years to understand that if you look after the pennies the pounds will take care of themselves!
Don’t spend what you havn’t got!
Don’t have kids!!
don’t buy anything on credit.
Take the right amount of money out so you dont spend anything else…
Put a little bit away each week
Put your pocket money into a piggy bank that has no opening at the bottom so you cant dip into it.
Never use credit cards!!
@mummy_loves xxx
Money doesn’t buy you happiness. If you’re only spending because you think it will mpress someone else, keep your money in your pocket.
Use price comparison sites before you shop.
only buy things that you need and plan your meals
If someone offers you something-take it! Don’t be proud. Also use charity shops!
I`d tell them to always sleep on it – and decide in the morning if you really need it
save the pennies, and the pounds will look after themselves 🙂
Ask yourself do u really need that!
Only buy it if you need it!
Keep track of your money even little things.
set up a savings account as soon as they can so when they are older they will have a nice little nest egg to get them started in life, be it a new car, deposit on a house or just to fall back on if times got tough!
Do home made food no junk or take aways saves money in the long run x
work hard and have what you really want.
Save 10p for every pound you spend
Its not a bargain if you never wanted it in the first place
Look after your pennies and the pounds will look after themselves..EVERY LITTLE HELPS!!!!!
Save up for the things you want
Take out the cash you can afford to spend on shopping and leave cards at home, that way you won’t be tempted by impulse ‘bargain buys’.
To save for the things they want and not to have credit for them
Don’y forget use club card every time you shop!! Every little helps.
Never use credit, always use cash.
Pay off your credit card bill when you get it and don’t let the interest mount up.
To help save money at christmas give home made promise vouchers for things like baby sitting duties, car washes, dog walking or sitting you will find that 1. it saves you money and 2. the vouchers mean so much more to people as you have really put some thought into it.
Wait for the sales. You can get lots of bargains then and your money will be further.
Always save a bitof money aside (even just a little bit) each week/month, it soon adds up, and comes in handy in emergency!
More like advice than a tip but never get an overdraft then you are forced to live within your means and not let things spiral out of control!…The voice of experience so listen to your mother lol!
remember to buy only what you need as BUY ONE GET ONE FREE can often mean BUY ONE GET ONE YOU DON’T NEED AND WILL EVENTUALLY THROW IT OUT
Do a menu of what you are going to be eating for the week then only buy what you need.
The best advice i can offer is keep a book, write down all your incomings and outgoings, With dates and amounts, it might sound boring but its easy to forget or be late making payments if you dont keep a record, You also then can see whats left to spend or not as the case may be.
if you earn a pound, dont spend £1.20
If you want something, save up for it as your appreciate it more and make sure that you shop around to get it for the cheapest possible pricetoo (and cashback if possible!).
Make sure you take a list of things you actually need when you go shopping and try really hard to stick to it, thus avoiding wasting money on things you dont need or impulse buys
Look after the pennies!
To live within their means, If you cant afford it don’t get it, unless you can win it
My tip would be start saving for your retirement as early as you can – the longer the money is invested, the more it can grow.
Never ever ever sign up for a credit card, especially if you are a student!
Write a shopping list and stick to it and if you don’t really need it don’t buy it even if its on offer. In other words do as I say and not as I do lol
some of ur fav treats and snacks can be made at home which are better for u and cheaper!!
It’s never too early to save – always have a goal in mind to help those times when temptation beckons and never put your eggs in one basket – keep those savings rotating where the best deals are to be had!
Before you buy anything ask yourself:
Do I want it?
Do I need it?
Will I use it more than once?
You don’t have to say no if you can’t answer yes to the second one but only if you can really afford it
Save up the money before you spend it.
Never take out credit cards or loans as you are spending your future money. If you ever in need of financial help, always come to your dad or mum.
Take care of pennies, they soon add up!
Cheaper ‘own brand’ arejust as good as named brands
Start saving as early as possible and save a little each week/month.
I would tell them to save 10% of their wages and stay away from credit cards!
Ignore all those seemingly great offers on credit cards and store cards and live within your means.
Treat yourself once a month. Have a budget. During the month decide what you want and at the end of the month enjoy it!
Try on instore, then buy online!
If you look after the pennies, the pounds will look after themselves
start saving when you start earning
Ask yourself if you really need it before you buy it. It may be a bargain but it only is if you need it!
Always shop around before making a big purchase, and look for cashback and discount codes.
Do not take out credit cards!!! It is not real money!!! You have to pay it back with interest. Only spend what you have got!!! xoxo
Save all your copper in a large jar,after a year take it to the supermarket where their machine will count it and you can treat yourself to something special
I would like to educate my son over the dangers of spending more than you earn. Always save to buy things and never take out credit cards as it is too ahrd to pay them off later. You will live a happier life without the stress of debt and will enjoy being able to afford luxuries without getting a huge bill at the end of it.
Get on the property ladder early.If you really want something,Save up for it!
Plan ahead and make sure you do your research before making a purchase..
put some money in to saving no matter how little
Bring a packed lunch!
Spend within your means – will always save you money in the long run!
When food shopping always take a list and only buy what you can eat before it goes out of date.
ALWAYS SAVE YOUR MONEY FOR A RAINEY DAY MAKE THE MOST OF THE OFFERS IN SUPERMARKETS SHOP AROUND
My grandfather used to always say ‘if look after the pennies the pounds take care of themselves’
I always remember these words of wisdom
I would teach him the difference between wanting and needing; and then to save up for what they want.
Round up any purchase to the nearest pound and save this money in a jar or bank account, it soon adds up,
To always put money aside every week, no matter how little.
&
To make a weekly meal planner so you only buy the ingredients you need so there is no wastage!
Always use a cash back site to buy goods online. If you’re buying the item anyway join and use a cash back site to buy the item. You’ll get a small percentage of the cost back for doing so and it soon adds up!
For friends presents agree a price and buy something used, books, clothes and gorgeous household items can be bought from charity shops and ebay. A fraction of the cost and lovely items with exciting heritage.
Save your first months paycheck so that you always have some in case of emergency
Go mad, spend what you want – you only live once!
Start saving before you know what you’re saving for
Don’t buy anything on redit, save up for it instead
I’d advise them ~ Neither a borrower nor lender be . Because I’ve had trouble with money when it comes to friends and family . x
Have a “present drawer” that you keep stocked with bargains you see in the sales, then birthdays and Christmas are not too much of a financial burden as you always have a bit of a head start! If you’re really clever you can buy lots of things in the January sales (especially Christmas gift wrap/cards for pennies) and put them away for next Christmas.
Do a budget before baby is born, estimating all the one off equipment you need and the running costs eg nappies. Then try to work out how much you can save on things like going out.
Aside from a mortgage always resort to borrowing as a last resort
Always keep a little bit of money in an account that’s awkward to get at – it’s harder to spend it that way and makes a good emergency fund.
Avoid building up debt on Credit Cards
Never have finance to buy something, if you want something save for it and pay for it outright
Look after the pennies & the pounds will look after themselves
delayed gratification, save up for things first rather than buy on credit and pay off you appreciate things more
before you buy anything think “do I really need this, will I still be using it in a few weeks time?” if you are not sure, then wait another 24 hours to make sure you really want/need it.
buy in haste, repent at leisure!
Work hard,spend carefully!
SAVE! dont have loans! dont have credit cards or you will end up like mummy!
Be thrifty at the Supermarket. Go late afternoon and pick up the reduced bargains, check the end aisle shelving for all the offers (but only buy if you need/will use them), use money off coupons, check out different supermarkets especially Lidl/Aldi.
Then plan meals around your bargains to avoid wastage. ;0)
“Stay in touch with friends” In the ever changing world in which we live in the thing that has changed the most is the way we communicate, it is so easy now to send an email, post on Facebook, send a tweet, talk on Skype etc Often when we have left school, moved away from where we grew up in order to study or raise a family, we make new friends and move in different circles and therefore lose touch with old school friends, workmates even sometimes family. What happens is that most of these old friends learn skills and develop careers such as mechanics, lawyers, accountants, tradesmen ,medical carers and much more. Everyone loves to help out when they can, so just by encouraging your child to keep in touch with friends (which is so easy now) will benefit them no end in later years.
always price check online before making a rash highstreet purchase – more often than not – when you get home, you don’t want it anymore anyway
Dont use a credit card, pay by cash and negotiate a discount
Grow your own fruit and veg.
always put something aside..and keep it incase of emergency
Get either a lage whiskey bottle or large jar, and save all your small change.You will be surprised how much you will save fro Christmas or Holiday spending money. Plus your purse will not weigh too much
Enter as many free prize draws as possible!
theres nothing wrong with food in the reduced basket in the supermarket.perfectly good food that gives me big savings!
My tip would be to ALWAYS keep a note of money you have incoming and money outgoing, you can manage your finances so much more easily this way and if you ever need to cut down on things you just have to take a look at what your outgoings are.
Have a bills account and have a standing order go into that for the total amount that needs to be paid out the day after you get paid. Then take cash out of your account – something like £50 per week for the month – and don’t take your cards anywhere! Just spend the cash – when it’s gone it’s gone. Way easier to stick to a budget when you can actually see the cash in your hands. Every spare penny at the end of the month goes into savings.
Buy your Christmas crackers in the January sales – bargain!
Don’t spend what you havn’t got!
But don’t save too much as the government will have the lot!!
Never throught away a penny, that penny can make a pound.
Make do and mend instead of throwing away and buying new. Also charity shops and recycle sites are really cool.
Start as you mean to go on – save 10% of your pocket money 🙂
Thrift
Start putting all your loose change in a money tin in January then get it all changed in December just in time for some extra christmas money.
@MrsWebster147
Dont buy what you cant afford.
‘Shop Around’ ‘ and if you havn’t got the money for it , you can’t have it.
whenever buying something new (from toys to phones etc) save all the packaging so when you no longer have use for them you can sell them and get more money for them in their original packaging
Always put a little money aside each week/month and spend wisely
don’t spend outside of your means……
Never buy anything in haste, once you have thought long & hard about splashing out, you will probably realise that you don’t really need it!
start saving now
Dont ever get a credit card – and don’t avoid bills!
Do not take credit cards, buy only what you can afford!
Only buy fresh food when you intend to use it
If you can’t afford it, don’t buy it.
Never buy something that you dont need just because one of your friends have it.
Always use price comparison sites for any purchases, I have saves thousands by shopping around, and getting the best price for the exact same product.
Not to buy anything on credit unless its absolutely necessary.
Always spend wisely and negotiate the best deal
save small and regularly – place into hard to get at accounts and leave it alone !!
Never apply for credit..save up and wait till you have the money to buy what you need
Save all your loose change, it soon mounts up
I would teach them to save whatever is left over each month – little and often soon adds up
Keep chasing best interest savings accounts!
Look after the pennies and the pounds will look after themselves
Put 10% of your wages in a savings account
Always try and have something saved for that rainy day because things do happen when you least expect it to.
Don’t waste food…todays leftovers can make a delicious meal tomorrow!
only buy what you need or can afford
If you havent got it, dont spend it.
i think id pass on about a savings book.nothing too restrictive.maybe like the frozen stores 1point per £1.this way xmas can pay for itself!
Save up for things rather than buy them on credit
Encourage putting any leftover pocket money away every month into an account because you never know when you’ll want something and Mum and Dad can’t afford to buy it straight away!
from little acorns big trees grow so look after the pennies and the pounds will look after themselves
DO YOU REALLY NEED IT?
The four-day wait works. If you are about to buy something which isn’t a necessity, and you have a little quiet voice somewhere whispering to you, listen to it, and wait four days before you make the purchase. It gives you time to compare prices elsewhere, or to come up with an alternative, or even to decide that you don’t need or want it.Also don’t waste your hard-earned money by not complaining if you have purchased something which is unsatisfactory.
Do not buy until you have the money
Before you make a snap purchase stop and think
Do I really want it
Can I afford it
Can I manage without it
Do you really need it? If so SHOP AROUND!
just because you want something doens’t mean you need it. always think twick before buying it.
Don’t buy SKY.
Always make sure you can pay for things and not take on debt’s that will cripple you
If you can afford the repayments you don’t need the loan – save instead.
Save some money from each pay packet. Build up enough to pay a good deposit for a house.
Never buy anything you can’t afford. Try to be self reliant by growing own veg etc
Save a little but regularly
Open an ISA and savings account for them and encourge them to put money in.
Save for your luxury items!
If you cant afford to pay cash then don’t buy it on credit card or the never never. Nothing is worth getting into debt for.
Just a little bit more money can make an awful lot of difference
Put some money away from your salary each month by standing order. So it comes out straight away
Don’ give in to impulse buying!
Neither a borrower nor a lender be.
Always save for a rainy day
My tip would be always make a list for the supermarket and stick to it. Preferrably eat before you go as you’re less likely to pick anything extra up!!
Wowzers! What a great comp!!!
What money saving tip….. mmmmh, never go food shopping hungry!
Maggy
Always make sure your getting the best deal with whatever you buy! I use comparison websites for nearly every purchase I make and save £100’s a year!
Save as much as you can as soon as you can, and put it into property whenever you can
if u want something save for it. You’ll appreciate that item more
stop buying them sweets…. youll thank yourself later for it 😀
it’s nice to be important, but it’s more important to be nice.
This is for when they’re older – if you can’t afford something, you can’t have it! Avoid credit at all costs and save for the things you want.
I wish I had been told that. And been made to listen. 😀
It’s not a bargain, if you don’t need it!! That amazing pair of shoes reduced by 90% great deal…but not if they’re a size 4 and you’re a 6
Don’t buy another on credit. save up for it and you’ll appreciate it a whole lot more
Never get into debt!
Start your own business, find a gap in the market, Work hard and take calculated risks. You will never get rich working for someone else!
You need money to make money, so don’t spend it!
Invest in high-quality goods! They’ll last longer, and will save you money in the future!
I’d encourage my daughter to save 10% of her income (starting with pocket money) and to plan her meals so as not to waste food.
Only buy what you can afford to without getting into debt
Always double think before you buy something and recycle as much as you can
If your child wants an expensive toy or clothes,teach them to have a money saving goal. Keep a chart so that they can see how their savings are growing. Find ways that they can earn, even a few pennies by helping with chores. Maybe when they reach their goal, chip in the rest as a reward, they will appreciate their purchase more if they have had to earn it, plus they are learning the basics of saving..
What money saving tip would I pass down to my children?
wow there are too many to count, I think my main one would be to have a spreadsheet or something similar going forward a couple of months showing incomings and outgoings. I love to think I am teaching my children about money even now (they are 3 and 2) whenever they want to buy some sweets they give the money over themselves, if they want to buy something bigger like a magazine then they need to save for it. They get pocket money for doing little things 20p for taking their plates to the kitchen, 20p for not having any accidents all day, 20p for sleeping all night and other little chores.
Sounds cruel making my little children do chores but they love it, they even ask if they can help do other things like washing up, hoovering and putting the washing in the machine.
If you want something save up for it – you will appreciate it so much more
enter competitions instead of buying
My money saving tip would be spend half save half!!!
Thats what my parents taught me 😀
Do you really need it?
If you’re offered any share options at work, take them! £20 or £30 a month deducted from your salary will hardly be missed, but after a few years it can add up!
Follow your dreams
Neither a borrower nor a lender be!
Look after the pennies and the pounds look after themselves!
Tell them for every pound they do save you’ll give them an extra one at the end of the year as a reward and for them to pass this tip onto the children it will save them a fortune.
Before you buy anything, think twice and then think again.
Appreciate what you have instead of always wanting more.
Always shop around for the best deal 🙂
Don’t spend everything at once, always put some aside
Use your money wisely. Don’t be afraid to save up for what you want – you’ll appreciate the stability of having paid for it and don’t be too proud to buy stuff youll only need for a short time second hand or from a charity shop.
Save save save!
Try to avoid buying anything on credit…if you want something, save up for it!!
Use price comparison and cashback websites.
Look after the pennies and the pounds will look after themselves 🙂
Don’t for god sake become a hoarder as your relatives will end up have to sort out the mess left behind and it’s a pain
My son hates to be parted with his money and will only spend it on something if he really wants it. My daughter is the complete opposite and it burns a hole in her pocket. I am teaching them that if they look after their toys, then when they’ve grown out of them I can sell them and they can have the money to buy whatever they like (or not, in my son’s case!) They learn to look after their toys AND all about depreciation at the same time!
I loved how a friend 15 yrs younger than I am, was taught to save, at such a young age she managed to put a deposit on her own home, all because her parents taught her to save a third for life, a third to save up for what you need and a third to live off!
I would love to teach my children to behave better than I did when I started earning money and hope to tell them similar to my friend!
I am a bargain hunter by heart!
Buy a Railcard – saved me so much money over the years!
look after the pennies and the pounds will take care of themselves!
Britain is considered to be one of the most wasteful nations in the world with an average of 30% of all food purchased ending up in the bin, so my tip is don’t buy more than you need. It’s seems simple but if you saved 30% off the price of your shopping every week it would prove to be pretty effective in the long run.
open a savings account
Learn to save money when your younger coppers, spare change, understanding how money amounts up will give you more control. it becomes a useful skill for life and helps control over your money.
Compare prices of everything they want to buy on the internet to get the best price. Large savings are possible. It works for me.
a) Don’t be snobby about buying supermarket label products over branded items – you can sometimes halve your shopping bill by doing this and show your children an excellent life-skill at the same time.
b) Cash not credit for personal ‘luxury’ items
c) Rent for only as long as you have to…so look after your credit rating.
Start your pension as soon as possible if your parents havent already.Its free money.
Save enough for a rainy day, but at the same time, be able to spend enough to enjoy yourself!
Never borrow more than your monthly wage on a credit card!
look out for offer like buy one get one free
Pay by cash, then you know exactly what you’re spending – when its gone, its gone – don’t get yourself a credit card because its too easy to run up a big bill
Whatever you want save up for it – avoid credit cards at all costs and you appreciate what you have more that way too when you have had to work for it!
Nothin is for free if you want something work hard and save dont take out loans. Be in control of you own finances.
And remember your parents when your rich and famous.
Don,t buy anything on impulse. You usually regret it and find yourself short of money.
If you cant afford it dont get it, i.e dont get any credit..
Walk away & think about it. Never buy on impulse
Save up for something, and don’t use credit cards unless for an emergency
Always shops around and it never hurts to ask for a discount.
always keep some money aside for a rainy day
I think using small amounts of cash for my children makes them appreciatte what they have!
If you don’t HAVE to have it…don’t! 🙂
Always save 5% of your wage for unseen emergencies.
Think first and if needed and can afford always shop around for the very best deal.
Mine is simple, if you earn a lot save a lot if you earn a little save a little, always have a stash for a rainy day
Don’t fix what isn’t broken! There is no point in buying something unless it needs replacing, you’re only wasting money!
Never a borrower or a lender be!
Spend a little, save a little
What money saving tip would I pass down to my children?
If something’s a bargain but you don’t need it, it’s not really a bargain is it? It’s a waste of money that you could have put towards something you actually wanted.
grow your own fruit and veg
1. Always buy things that put money back into their pocket, such as property etc, cars go down in value the day you buy them.
2. Also that insurance is always a good idea and is not dead money.
If something did happen you just claim!
My best tip would be know the value of everything, not the cost 🙂 As long as you know what something is truly worth you’ll never be short of anything 🙂
Save for a rainy day
Start saving from birth…then one day you might be able to buy a house! It took Mummy 28 years & a huge parental gift…you won’t get one of those from us…so save!
Remember – do you need it, will you use it, can you find it cheaper elsewhere?
Instead of saying “I would love to do this and that” actually ‘get on and do it’, then there is no looking back and saying “if only I had done that”
Invest in a slow cooker. Stews and casseroles are cheap to make and go a long way when trying to feed a family on a budget. Steamers are also a good option as they use very little electricity
save up for things and you will always appreciate what you have
Try and put some by for the lean times easier said than done
Buy what you need not what you want 😀
Save, Save, Save…. and don’t ever get a credit card, pay cash!!!
to search sites like moneysavingexpert for the offers 🙂
always save for a rainy day, so my own mam told me!
put aside what u can and save for times u might need it!
Freeze leftovers,always good for a stew or soup.when you have run out of money.
never buy what you can’t afford
Never ever get a credit card.
Start saving from an early age!
buy quality this will save money in the long run
never buy anything on impulse as it often turns out to be wasteful
Always look for the best deals for what you need and haggle down the price of the 2nd best deal by saying so-and-so (1st best deal) offer the same thing but at a better price!
dont use a credit card, if you can’t afford to pay cash for it, you can’t afford it!
Never buy new when second hand will do
A great money saving tip I would give to my children is only buy what you really need not what you really want! Somemthing I also need to teach my husband!!!
Before you spend more than half of what you have, go away and think about it!
Cash is king! no credit cards
Stay away from Department Store Cards! If you have not got it, don’t spend it!
Never a lender nor a borrower be
Shop around and compare prices, the saving made can go towards another wanted item!
Looking for reduced food at the supermarket is a nice money saving tip, you can often find things similar to what you were going to buy anyway much cheaper.
Only buy things you need not things youll never eat or never use
Do you need it or want it?
Do not spend more than you earn
Don’t have savings earning less interest than you’re paying on your outstanding debt.
Shop around for insurance such as car/house-you’ll be amazed at how much you can save for the same level of cover!
Sell your old toys on Ebay and at Car Boot sales, this will enable you to buy new ones !
Never use credit!
Always check you’ve got the best deal – never impulse buy!
Shop around for everything – car insurance, house insurance, electricity, your phone etc. The amount you save is astronomical.
Earn the money by doing jobs, save up for something you want and it will mean a whole lot more
Learn budgeting. Set up spreadsheets showing income and breakdown of spending habits to see where your money is going. Fill in every month so that you can see your monthly spend in all major categories and adjust as necessary.
look after the pennies and the pounds will look after themselves!
Neither a borrower nor a lender be!
It’s always stood me in good stead.
dont rush into buing something without shopping around
Always save at least 10% of what you earn
KEEP A DIARY OF WHAT YOU SPEND OVER ONE MONTH IT’S A REAL EYE OPENER HOW MUCH MONEY IS WASTED ON THINGS YOU REALLY DON’T NEED.
I think instilling the idea that money should work for you rather than spending it all is a good one, to get them investing in their future at an early age so they can reap the rewards later.
A bargin, is not a bargin unless you need it!
Don’t live beyond your means
You don’t have to have something just because your friends do.
If you can’t afford it, and you don’t need it, don’t buy it.
Do you NEED it or do you WANT it ? There is a difference.
Set up monthly direct debits to pay bills/rent/mortgage to come out after pay day, that way there is no risk of being surprised by huge unexpected bills!
If something is worth having, it’s worth saving for
Always look at the price per 100g in the supermarket as you’ll find that it may be cheaper to buy a different size.
Never get a credit card
save a bit,spend a bit
The only way to quickly double your money is to fold it in half.
If you can’t pay cash for it, then save for it.
don’t be FLASH WHEN YOU HAVE NO CASH
Devise a weekly/monthy budget and stick to it! You will get used to it in time and realise how much you don’t actually need to buy!
Do you really need it – have you not got something already that will do. If not, can you find it cheaper – sales, second hand, etc.
Neither a lender nor a borrower be
ALWAYS shop around for the cheapest product you need before buying!
Try to forget that you have it.
I always remember what my lovely old grandma used to say……”if you want something, save for it”. She’s right of course. You will appreciate the item much more and more importantly you won’t get any nasty credit card bills.
Always check a cashback website and always shop around.
Only buy what you need
like it – no
want it – no
need it and can afford it – then get it.
Look after the pennies and pounds will look after themselves! 🙂
If you want something, save up and buy it. You will have a much greater feeling of satisfaction knowing you haven’t had to go into debt to get it.
You may want it, but do you need it? It’s nice to have treats of course, so in proportion. Also…before I go out I take some money out of my purse and put it aside. Then I’m not spending all I have!
If you’re going to make a purchase and it can wait a week then wait and see if you still want/need it a week later. Mostly you won’t!
Working hard for something makes you enjoy it more
Any money you make (pocket money included!) put some aside for a rainy day
If you dont have the money dont buy it, dont get a credit card, just live within your means. Material things wont make you happy if youre going to worry about paying for them
venkateshgrandhe97@gmail.com
is my mail i like your compitations
good
always remember what my lovely old grandma used to say……”if you want something, save for it”. She’s right of course. You will appreciate the item much more and more importantly you won’t get any nasty credit card bills. of ur wills
Make sure you always shop around before buying anything.
always remember what my lovely old father used to say……”if you want something,
try to do something with a great hard work
Always save for what you really need . Never borrow money .
Open a savings account and put all your spare money in it, If something unexpected happens you will have something to fall back on.
Prioritise your purchases so that you can get everything you need, when you actually need it.
Avoid debt!
As my Nana used to say….”You may think there will never be a rainy day, but when that storm hits, you`ll be glad you bought an umbrella!!”. The moral was good and I always save something for a rainy day and will pass this down the generations as long as I can.
save a pound, spend a pound
There is no such thing as a credit card or interest free credit , it is DEBT, therefore if something is worth having it is worth waiting for until you can pay for it upfront.
Never get a store card
Start as you mean to go on. If you always save you wont miss that money every week/month.
Use your loaf and eat the crusts.
Always budget and don’t spend on something when it can be found cheaper elsewhere.
Never say yes the first time you see an item on sale do your research well and above all always look for online prices first
no credit if you want it save
Marry a millionaire
Always live within your means and save for what you can’t afford as then it will mean more to you. Never buy on credit
There’s an old saying of ‘Take care of the pennies and the pounds will look after themselves’. This has proved very useful for me, so I’d definitely pass it down to my child.
dont forget–always remember that—every little helps!
The easiest way to save money is to always set aside, even the smallest amount, from any gifts or earnings you might get. I’d teach my child this from a young age, much like I was taught, which helps them to always have money in the bank.
Save one-tenth of your salary every week/month and keep it for a rainy day 😉
When your older and go shopping for groceries make sure you eat a meal beforehand so you dont impulse buy. If your hungry when you shop you will buy items you fancy and not budget correctly.
If you save a penny can become a pound!
Don’t ever get a credit card.
Never borrow or lend money.
Never a lender or a borrower be
Don’t buy food unless you’re sure that you’ll eat it.
if you want it thats fine, but can you afford it
Look after your pennies and your pounds will look after their selves.
Always keep the pennies….put them in a jar, never throw them away…save for a rainy day
Buy what you NEED and then ration what you WANT.
A bargain is not a bargain unless you “need it”. if its just something you fancy/like you’re still spending extra money.
look after the pennies and the pounds look after themselves.
I would teach them to cook so they don’t have to spend money on takeaways.
Only spend money that you have!
Don’t spend what you haven’t got
It’s easy to capitulate to the demands of a screaming child in a packed Woolworths on a Saturday afternoon. But don’t do it. Similarly, how often does a ‘swift half’ after work turn into a £40 drinking session? Saying ‘no’ a few times a year will do wonders for your bank account.
If you can, try before you buy; if there is a book, CD or DVD you would like, borrow it from the library first to see if you really want it. Then if you do get some help to find the best price 🙂
look after the pennies and the pounds will take care of themselves is a good old saying but an up to date one would be ‘save up for what you want but keep an eye on Ebay, charity shops, freecycle etc in the meantime and you could get a cheaper alternative while also recycling and saving the planet :-)’
never gamble
Budget,spend a little,save a little
Shop around; look for a discount, find the best deal,
If income is sixpence more than expenditure, result happiness – if income is sixpence less than expenditure, result misery.
Dont buy unless you have the cash to buy it!
Save up for the things that you need, and don’t get into debt
Don’t leave computers, TV’s etc on standby – waste of electricity
If you can’t afford it at the time: don’t buy it…
Listen very attentively to whatever Martin Lewis is saying ,and follow his instructions !
If you don’t need it, don’t buy it.
Shop around for better deals with banks and energy suppliers and don’t be afraid to tell them you’re going elsewhere!
Always save for a rainy day emergency. You never know what is around the corner.
Keep about £1000 back, hidden, do not use. Its that rainy day thing. But stuff happens and its easier, cheaper to use that savings, them borrowing on credit cards etc etc.
Always put aside 10% of your monthly earnings towards an emergency fund. You never know when you’ll end up with an unexpected bill or house repair.
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
Neither a borrower nor a lender be
Try and go food shopping just before the supermarket is closing, that way all of the fresh fruit and veg plus the bakery, will be reduced in price.
Always shop round for better deals & use price comparison sites to save yourself has much money you can :o) x
Work out how much money you have each day to spend, after minusing all your expenditure from your monthly income.
EG – Monthly Income, minus rent and bills etc, then divide the remainder by days of the month, only spend each day what you can afford, some days dont spend any, then you can save up those days for a weekend blow out or special treat!
Never buy on credit – you don’t know if you can afford the repayments in a few months time. If you can’t afford it, don’t buy it.
that second hand isnt bad. use your imagination and turn that bargain into an original.
spend someone elses money
I would tell my children to only spend what they can afford and never to borrow money, if you can’t afford it save up for it x
Make a list and a menu plan when you go food shopping and put away a few pound every week for christmas so you dont run up debts
Cook your own food its much cheaper and healthier than prepared meals or takeaways!
Never impulse buy, give yourself some time to think about whether you really need it, whether you can afford it and whether you’ll regret the purchase down the line. Also live within your means…credit may seem like a wonderful option but I’ve ever met a soul who doesn’t regret it later!
Second hand isn’t second best. I have saved myself and others so much money by recieving and passing on old clothes and toys. Car boot sales are great for toys at low cost and I have bought loads still in a box and like new.
Empty your Purse at the end of the day and anything Less then 50p put into a Jar Dont touch it for the whole year and then treat your Self when the year is up with what has been saved.
Always look after your pennies because it will make you rich one day
Try to save 20% of your income each week/month. You never know when you might need it!
Don’t ever Gamble!
do you really need it
Always pay cash for something you want then when you have the cash in your hand you may realise that you don’t actually need it
Enter competitions like this one and use your winnings as presents/gifts that way you don’t have to put your hand in your pocket.
count the pennies and the pounds will look after themselves
Don’t buy anything you cannot afford and only lend money to buy property
Don’t waste your money. Save save save and you can enjoy the benefit later
spend money but in limit
If it’s worth having, it’s worth waiting and saving up for.
The best money saving tip I could give my children is never spend more than you save!
Try to keep at least 3 months salary in your savings in case of emergencies
Work hard, and save.
always compare prices.
don’t buy something if you can’t afford it
Think of what you NEED to buy and not what you Want!
Always put something aside for a rainy day – they come more often than you expect.
Check the web for discount codes before buying anything online.
If your children are like mine, then any money that they have will be burning a hole in their pockets…they are desperate to spend it! So I try to encourage them to set a target to save towards, a large toy or day out or whatever it may be, but something that is out of reach of their normal spending range.
This is certainly working for us (and them), and is teaching them budgeting and saving and responsibility as well. They also feel quite grown up when going to buy the thing that they have saved hard for, and they appreciate that with some effort comes reward.
Start saving habit at an early age
Use MoneySavingExpert.com to help you make your money go further 🙂
If you need something save for it.
Will you still want it as bad next week?
Learn from your mistakes and try not to borrow to much, practise saving…it makes you feel good
Put a jumper on in winter to save putting the thermostat up.
There is always a coupon or discount code for everything & look a the item and think do you really need it??
Always shop around for the best deal before you buy and don’t be too proud to get things second hand or in a charity shop or Car Boot Sale. It’s cool to recycle and buy “preloved” items 🙂
count the pennies and the pounds will look after themselves and also if it isint broken dont fix it
If you see something expensive you want walk away – think about it and see if you can get it cheaper ( my 2 normally have their smart phones on them ) only then go back and buy it – and always ask if there is any discount – it never hurts to ask and even in this country its amazing what money is taken off if you ask
Stay single and don’t have children (tongue in cheek)
Before you buy something ask yourself do you need it and can you afford it. If no – don’t buy.
If you see a penny on the floor pick it up because pennies make pounds!
Don’t always go for the first deal, search around, even considering second hand, there will always be a better price/deal somewhere else.
Never be a lender or borrower be and Always price check everything
Be frugal and only buy essentials in general, however enjoy yourself so save for treats and holidays as thats what life is all about 🙂
Never take up smoking cigarettes-even at today’s cost of a packet of 20 @ £7.00 per day,
you are wasting around £2555 per year. LOOK at what you can do with that amount of money year after year and for the rest of your life-could pay for your childrens university fees. Holidays every year,etc-plus it’s harmful to your health and nowadays anti-social.
Sometimes it’s better to buy something of quality second-hand than it is to buy the same item new and cheap (plus it’s greener too!)
Always shop around!
save money as well as spend money
Saving generates free money!! Save as much as possible and spend frugally.
Don’t treat you credit card balance like a target and don’t treat the money as ‘yours’, it all has to be paid back sooner or later.
If you can’t clear the balance at the end of each month then stop spending!
only buy what you can afford dont get credit!
collect tesco clubcard points
Pay off your mortgage as soon as you can.
Start a pension early
Never take credit!! Debt takes more money than enything else if you let it. xx
Save Save Save! You have more options with money.
Only buy what you can pay for in cash, if you have to save up for something you will always value it more
Never listen to sales spiel. Do your research before you buy and don’t be persuaded by marketing.
10% of your montlhy wage into a savings account
Take your savings money out first before you buy anything. You may still be overdrawn at the end of the month, but when your’e older, you’ll have more than most.
Always make a list before going food shopping.
You don’t need to spend money to have fun.
Always write a list before going food shopping and stick to it, and never go food shopping when you’re really hungry.
I am going to stress that my child saves money. With how hard it is to get on the property ladder these days I will make sure she starts saving as soon as she’s earning. It’s something I never really did and really regret so I will stress the importance of putting money away to her.
Keep a note of your spending so you know where your money went.
Save a little every month, it all adds up
look after the pennies and the pounds will take care of themselves
Don’t buy anything unless you have saved the cash to buy it .. never take out credit or store cards to pay for things
10 % wages go into savings
Learn the difference between want and need. If you want it and can afford it, then by all means buy it, however bare in mind what upcoming purchases you need.
Look after your pennies, because pennies really do make pounds.
Only put onto a credit card what you can afford to pay off.
If your income falls below the Tax threshold dont forget to claim back any tax deducted from the interest on any savings you have.
Always check the supermarket websites before you go shopping! It only takes a few minutes and you can see which one has the most relevant offers on each week and head there. The savings can be surprising and it seems to make shopping a more pleasant experience!
Only buy what you can afford and if you can’t afford it then save up for it until you can. It gives a child the necessary skills to try and avoid debt in the future, and to realize that you can’t have everything that you want there and then!!!…………
Use comparison websites to see if you can save by shopping elsewhere.
Never go food shopping hungry. You’ll always overbuy if you do.
Don’t take out any credit cards as it will only get you into debt by spending more than you can afford.
Yellow sticker shopping for food.
Don’t get HP always save for what you want
Try to stay away from impulse buys.
always shop around when making purchases and dont live beyond your means
To always try and put money aside every month in case of an emergency.
if you can’t afford it don’t buy it. try not to have loans and credit cards
Don’t use credit to buy things…save to buy them
Save money in a high interest saving account and never spend money you don’t have. Also instil upon them that they should never take out a loan when they are older as they will lose money by paying interest on what they borrow. It is better to save money before buying anything because then you will appreciate your purchase more and you will earn money from you savings because the bank will pay you interest.
dont eat mcdonalds everyday like i do
Buy a house at auction and renovate it then sell it on to make a profit.
I would advise them to menu plan and make a list when they go to the supermarket, and to never go on an empty stomach.
My tip is to set a clock by the phone (if at home) and get to know your tariff very well.
Whatever else you might do, make time to enjoy your life.
It’s a twist on an old one but look after the pennies and the pounds will be there for a lovely holiday at the end of the year. 🙂
Take cash to spend when shopping it’s amazing how much less you’ll spend than when you stick it on a card!
Always try to save each month, even if its only a small amount. You never know when you might have an emergency you need to fork out for.
I tell them never to buy anything the first time they see it. Always walk away from whatever it is they want to buy and have a look around and think about it first. then if they see something else they want instead (or as well) they haven’t spent all their money and they can make a decision.
Save as much as possible and don’t get tempted by the idea something for nothing
always put some money aside each month
Always buy the best you can afford but only with money you have.
Always save 10% of everything you earn.
Most Expiry date reduce items in supermarkets can be freezed and used at a later date
Only use credit card for big purchases – not every day ones.
Food shop online, as you can make sure you have all ingredients and don’t impulse buy. The £3 delivery probably saves me about £30 in bits I would just pick up.
Shop online!
don’t rash buy just because you think you want something
Always pay your debts.
my advice is dont borrow to buy things, save up and buy what you need outright, that way you are never owing anything to anyone.
The most simple money saving tip to give to your children
Is to bank with a community Bank.. or with a credit Union
But what ever you do…
DO NOT BANK WITH THE TOO BIG TO FAIL BANKS…
THESE BANKS ARE INSOLVENT AND BANKRUPT…
Always keep within your budget, when you overspend once it becomes a habit you cannot afford
Only use credit cards in an absolute emergency…and don’t buy things that Arent worth it, or will be dumped by next week!
never spend more money than you actually have this wil be the downward spiral and once in debt its very hard to get out of it
Never go shopping on an empty stomach!
Always save a percentage of your monthly wage and only live within your means.
Try never to buy anything on credit. Always save for what you need, you’ll have more money in the long run.
Only spend money you have. Never get a credit card!
Don’t buy things if you can’t afford them. There is more to life than material possessions.
shop around! look for offers and discount codes before you buy, and put the money you’ve saved in a piggy bank!
Never Borrow nor lend money,apart from getting a mortgage.
Get into the habit of saving something out of your pocket money/wages each week/month. It doesn’t matter how much as long as its something.
Once you are in the habit this will turn into a lifelong thing that you will always do.
Never do the weekly food shopping on an empty stomach!
Avoid debt – Don’t buy it if haven’t got the money!
Get into the habit of saving and never buy anything you know you can’t really afford.. Always pay off your credit card bill in full each month… if you are using a cashback credit card, they will actually be paying you for spending if you do pay in full.
Get a cashback credit card and use it for everyday purchases, paying it off in full every month. Improves credit rating, teaches money management, and saves extra money.
Always pay off your credit card bill in full each month
Better to mend than spend
Don’t buy anything until you can afford it with actual money!
Don’t marry your Mother!!!
every time you see an item of clothing that you “must have”, go and thoroghly raid your wardrobe. You usually find that you have something very very similar already that you had forgotten about!
Its easy to buy things with credit cards. It is very difficult to clear the debts you create.
Always use cashback sites and voucher codes where ever possible, in a year it really starts to mount up!
Compare prices before making a big purchase and always ask if you can get a better deal… From Sky TV to purchasing a number of items from Comet you can often get extra discount if you just ask!
Make a budget and stick to it (never spend more than you can afford) and always have emergency funds (save for a rainy day)
Never spend more than you can afford and you won’t go wrong
buy ‘value’ not ‘low cost’
Only use a credit card in an emergency
Always plan ahead and then budget/save for what you need, being organised with your money means you won’t overspend or go into dept.
The Same tip that all should adhere to including Goverments, Income £1: Spend 95p result ‘Happiness’, Spend £1 .05p Result ” Misery”.
Make a monthly badget. Make sure it’s realistic so you will be able to stick to it.
plan ahead
Always check online before buying in the shops!
save, save, save! you might miss out on having small material items when youre younger but youll be happy you did it once you have your own house
Set up a standing order into a savings account each month for what ever you can afford (lets say £50) then at the end of each year you will have a cash lump sum to use as you need it. Either for xmas, birthdays…car insurance! It makes life easier!
Set up a flexible pension from the age of 16 and pay in £100 a month and have the isurer add life cover to it. That way you are covered for your future. In the long run you will be better off!
I have opened a savings plan for my child and when they are 16, I will give it to them to pay into an ISA and recommend to them to keep topping their ISA up each month with any spare money
Always check down the side of the sofa for spare change! Your grandpa always has a few pounds that fall out of his pockets when he gets home from the pub so grab it the next morning and stick it in your piggy bank!
Save for things you want in life. Don’t get credit or loans.
keep those pennies saved for those rainy days because when it rains it pours !!
From secondary school I was given all my pocket money & bus money monthly into my bank account, if I spent it I spent it. I learnt to budget really quick!!
Never get a credit card, dont be fooled into thinking you can pay it off, it is a trap
Always think “Can I mend it?” before chucking anything away
Never buy on credit and always put a little money by in a separate account from every wage packet it will surprise you how quickly it mounts up.
A lot of truth in the old adage ‘look after the pennies and the pounds will look after themselves’ !!
Don’t live beyond your means.
THE MORE YOU SOW THE MORE YOU REEP THATS WHAT I TRY TO DO
Save Save Save, and never spend what you dont have!
My money saving tip to pass down is only spend what you can afford and never buy anything you need to borrow to have…..
I have been telling my 19 YO this for years and so far so good!
@Bobbity666
Go shopping at night,to get all those marked down, sell by date goods.
I would say…. grasshopper… money saving is a fine art you learn over many years but as long as you dont break the golden rule you shall always fine peace in your finances be them big or small and that is to never spend more than what comes in, that way you never owe the banks because they can get blood out of a stone x
My tip would be to always shop around for everything from Financial Packages to Holidays and make sure you leave yourself enough time to research all the options available. You can save yourself a fortune and learn a lot about a particular product/place along the way
Withdraw a cash amount per week & live on it!!
Don’t get in to debt.
Watch what you spend and only spend what you have.
Don’t smoke and look around for the best deals.
Say no to credit cards! Just avoid any temptation of getting into any sort of debt, no matter how small.
Only buy it if you can afford it
Dont smoke and shop around for the best deals
write yourself a monthly budget and stick to it!!! its the only way!!
Never, ever, get credit cards.
Save little and often, you don’t miss the money and all of a sudden you have a little nest egg towards your dreams.
Live within your means.
You can’t spend what you haven’t got!
Save, first in any tax efficient savings like ISAs and then look at what yields your savings can get to help income.
To always shop around for the best deal, especially online..and for discount vouchers to go with it.
Bargain hunt, be savvy!
Only spend what you can afford so you don’t end up in your overdraft!
Shop around and always look for bargains
Ive got to say avoid credit cards and loans.
Save a little from every pay packet, and think twice before buying anything that is not essential.
run a cash only house, once the cash is gone you cant spend it!
Always put a little in savings each week, however small a sum it is
Only pay for things in cash.
never get a credit card
Never buy anything on credit – wait and save up!
When you get your first job set up a standing order to shift some money each month straight into a savings account (and up the amount every time you get a pay increase) – you won’t miss the money as long it comes out right from the start and even a few pounds each month soon adds up. I’m glad my dad passed this tip on to me, we’ve had some fantastic holidays out of that savings account!
look after the pennies and the pounds will look after themselves
Always shop around for the best deal
If you have to think wether you can afford to buy something then the chances are you can’t .
save up for what you want, rather than relying on credit
I tell my boys… Every penny counts! Put it in a glass jar and you will see the pennies grow
I will start by making them earn their pocket money, so they appreciate it more. Plus, I will try to share what little knowledge I have and I always try to buy purchases out-right and don’t use credit.
when you see something you want to buy, wait 24 hours before buying it. normally the feeling of wanting it has gone by then and you’ve saved money
Don’t take on unnecessary debt.
Ask yourself if you really need it.
Mend, and make do with what you’ve got the majority of the time.
Look after the pennies and the pounds will look after themselves!
Shop around dont buy on impulse
I would advise my children not to buy anything brand new unless they really have to.I was brought up in extreme poverty with second hand furniture from charity shops,second hand toys and clothing.I am severly disabled following an injury at work.It was very close to christmas and my sons wanted play station games.I looked in second hand games stores and the games were a fraction of the cost of high street stores,we also got toys from ad’s in shops and newspaper and from car boot sales.clothing from the charity shop were all in great condition and my sons were always dressed nice.We needed new several items for the house so i managed to furnish the house for a fraction of the price.The best money saving tip i would pass onto them is buy used and never be ashamed of doing so and you will be helping a good cause too
Save a little every month ian account yu have to go to a bank to access.
Never get credit if you can’t pay it back without interest
Use cashback sites
Always have a little saved for a rainy day.
save 10% of every money you get and buy what you need not what you want.
Buy what you can afford only. Do’nt be tempted by credit cards!
To recycle and reuse where ever you can.,
Set up a standing order for a regular amount into a savings account, you will soon get used to it going out like a normal bill and overtime will build up a nice amount hopefully.
Always pay your credit card bills off as soon as you receive them.
Don’t drink or smoke whatever you do and the pennies will look after themselves!!!
Always stay on top of your bills
dont spend more than you have!
You are never too young to start saving
Always save 10% of what you earn. You then never miss it and have a great nestegg
dont spend it all at once
dont buy it unless you need it !
only buy stuff when you have the money for it
Before spending money follow this process of questioning.
1. Do I need it? If yes go to 2. If no go to 3.
2. Can I get it cheaper?
3. Do I want it? If yes go to 4. If no don’t buy it.
4. Can I afford it? If no don’t buy it. If yes, go to 2.
Only buy what you really need
decide how much your allowed to spend on not needed things each month and never go over that.
Waste not,want not!
Don’t buy it until you have the money to pay for it. Save getting into debt until you need it for a mortgage.
Shop around – don’t buy on impulse as there may be a cheaper retailer just around the corner.
Save £2 coins for a rainy day you never know when you will need them and they mount up so quick!
I would teach them how to budget properly so they don’t get into debt, also that they should save some money each month no matter how little. These days with the Internet it’s so easy to shop about to find the best deals too.
keep track of your accounts, by keeping a book, with money coming in and out and total…and write in when bills are due, or direct debits go out, that way you know what you have left over to play with, x
When/if you go to Uni, go to one close to home, so you can stay at home and not have to pay for student digs.
If you dont have it dont spend it.
save money will in turn lead you to make money through interest! so save as much as you can!
Get an allotment and grow your own fruit and veg.
start saving for a pension now–you’ll be glad you did it when you’re 70!
save up for the things you want. You will appreciate it more when you didnt get into debt to get it
Stick to a budget and try to save something every week/month, even if its only a little amount as the saying goes, Look after the pennies and the pounds look after themselves
Only buy something if you actually need it AND can afford it
Shop around!
When grocery shopping do one big shop to start you off and then just buy fresh as you go. If you go to Tesco weekly like I did every shop was £100+ and I end up wasting soooo much! Now We stock up the cupboards with all the dry foods and freezer once every few months and just buy fresh fruit, meat and veg every couple days. I am saving lots of money by doing this. We are healthier, don’t waste food and think about proper meal times now instead of snacking of lots of rubbish and then not being hungry!!! I really enjoy cooking now. Also don’t go to the supermarket Hungry!!!!
Don’t get credit. Ever.
I worked out toghether with my daughter how much she could spend per day when she went to uni. If she keeps to that she won’t need any loans apert from her student loans.
See it. Save for it. Only when you have saved enough money, buy it.
Only spend what you’ve got, never borrow from anyone. If there is something big you want then save up for it and then you will appreciate it alot more.
Have a separate account and put a certain amount into it at the start of every month. Budget for less than you earn so you always have a buffer zone if you get into trouble.
Shop locally you can always pop up the road if you run out rather than buy too much stuff and waist it when it goes off.
Always have ordinary tap water when eating out. You’d be surpised how much you save.
put small change in a mony tin and you will soon have enough for a treat
No matter how bad you want something, stay away from the credit cards !
Don’t pay the early adopters premium, wait for new models to come down in price.
Never buy a brand new car.
never buy anything on credit, save up for what you want
Try BEFORE you buy. If you want a book, computer game, CD or DVD go to a library or video shop to try it out first. You may find you didn’t like it as much as you thought you would and you might not buy it, which will save your cash for something else!
Don’t keep borrowing off of mum and dad!
Shop around before buying anything to make sure you get it at the best price and only spend what you have
How to budget for a month :0)xx
When food shopping always, always go at reducing time and anything that is due to go out of date, where possible freeze. Sometimes they reduce items down by 90% so you save a fortune!
avoid credita cards and save for things you want
buy stocks and shares.
absolutely do not get into debt!
Neither a borrower nor a lender be!!!!!!!!!!!!!!!
30 % of your income go to saving for a rainy day
When you get extra pocket money don’t spend it all at once.
Spend some and save some and then you will be able to buy that toy you really want but thought you could not afford.
Learn the difference between what you want and what you need.
Save the pennies and look after the pounds
Don’t spend more than you have!
I am going to teach my daughter how to swap clothes and organize swishing party. It is very cheap way of getting new clothes and very eco friendly.
Save! Always think twice and look into things before you buy. Don’t go into debt until you get a mortgage.
Always put something by for a rainy day. You won’t miss it and you’ll be glad of it when needed!
Charity starts at home so dont get into debt
Say no to credit cards
Say no to loans
And no hp….
My daughter hates copper and when buys something herself usually puts it in charity box. Keep it get a big money box and over year all that copper will come in handy.
Don’t spend it all on sweets! Spend it on something useful
If you haven’t got it – don’t spend it
can you fix it before you replace it!
Only take cash out with you. Leave the plastic at home.
Do not ever take out a credit card, if you don’t have it , don’t spend it!
The only loan they should take out is their mortgage. No other loan is vital – just do without what you don’t really need!
Look after the pennies, and the pounds will look after themselves.
The question “Do I want it or do I need it?” is a great money saver when times are hard.
Live within your means, if you can’t afford it, then you can’t have it… that’s how I have been brought up and it’s works wonders, never had a credit card! Sure it will work for the kids too 🙂
Always try to save some money for emergencies,save up for luxury items and always pay all your basic bills before indulging in luxury buys
When your child wants to buy something expensive and they don’t realise the value of money, ask them how long it would take them to work to get it. Eg, one days wages is £80 so it takes one hour of daily work to spend £10. If they are earning they tend to think twice before wasting their money when they know how long it takes them to work to get it.
Only spend what you have, do not rely on credit cards!
I always make my girls save up for treats and then when they see how much money they have saved and the cost of that treat, sometimes they just keep saving the money and decide not to buy it. It makes them realise what they actually want, and they never buy anything they wont use now.
Think before you buy!
Do you NEED it or do you just WANT it?
Always save for a rainy day because you never know what cards life will deal.
If you want it, save up for it!
Always use scissors on credit cards and cut into very small pieces 😉
if you want it save for it!!
Think carefully before buying – do I really need that or can I manage without it????
turn off the lights when you leave the room!
save as much money as you can. when you are older and you want to enjoy live more you should benefit.
if you don’t have it, don’t spend it
To put a small amount away each week
Don’t use credit- if you cant afford it, save up
Think before you buy
Save like your daddy and don’t spend like your mummy!
if you cant afford it – dont buy it!
Turn off the lights as you leave the room, look after the pennies and the pounds will look after themselves
When shopping, only buy what you really really need, no impulsive buys, that’s where the money goes.
Always make sure that you have a savings account with some money put away for emergencies so that you won’t need to use credit cards.
always be a smart spender,look for the bargins & be a wise saver,always put a little amount by each payday.
Save your penny’s! We did last year at eneded up with £750. Get a pot you can’t open without smashing. Also – avoid credit cards. unless you intend to pay off each month.
Always ask yourself before buying.’ Do I Really need it?’ and always put aside some money for rainy days!
Best tip i can give thats always worked for us is to make them always save 20% of whatever money they get. That 20% no matter how small the amount taken from will soon add up over the years and gets them in the habit of saving.
Always save for a Rainy Day cause that Rainy Day may come when you least expect it, My Dad taught me this and im so gald he did
Make sure you do your homework and shop around…… and always use Money off Coupons/Vouchers when you can!
Have a money tin which cannot be opened, in this way you will save money and you wont be able to take money from it no matter how tempted you are. When it is full, you may break it open. Another money saving tip is to only take a certain amount of money with you when going out so u aren’t tempted to spend more than you need to. Have a target amount of money which you aim to save up to , this will make it easier to save as you will want to hit that target.
What you spend isn’t a measure of how much you care…
True friends will value your prescence far higher that your presents.
Look after the pennies……..
Dont go shopping for food when you are hungry!!
Think ‘do I need it’, not just ‘do I want it’.
Don’t buy things just to keep up with the Joneses… at the end of the day you have to pay it all back when you take on debt, and the Joneses won’t be very impressed with that!
If you’re not using it, turn it off!
Always ask yourself before you buy something – do I really need it?
Don’t spend your money on little bits, save up for something bigger that you might really enjoy
Look after the pennies… You earned each one – think about how long it took to earn them 🙂
I wish to pass on to my children the same philosophy that my parents instillled in me throughout my youth and by which I still live my life and that is ‘Waste Not Want Not’. Apart from mortgage I have never had any debt as I alwasy live within my means and is I can’t afford something I wait until I can. Things are far more appreciated when well earned and longed for.
I would tell my children to never buy anything unless they can afford to pay for it in cash, borrowing only ever leads to debt
Luxury should be only used as a treat. It is something inessential but conducive to pleasure and comfort. For the child to have an understanding of essentials and inessentials in their formative years should give them a positive grounding in financial wisdom.
I hope they will learn that most expensive does not automatically mean the best.
ask yourself do you really need it before you buy anything
if you cant afford it, dont get it
don’t go getting into debt
credit cards can be evil
Mum gave me some great tips when I left home for university.
The best was write EVERYTHING down. All your income, all your expenditure, it quickly becomes obvious where you whittle your money away! (mine was being whittled away on my 11am snack at coffee at uni!) Its really useful, and is a great skill for the future when I’m in charge of much larger sums of money!
Also. I have had a job since my 15th birthday, not because I had to, but my parents thought it would be a good idea for me to realise the importance of working for your money, I quickly begin to think not in terms of “ooh thats £30 for a top” but in terms of “that top is 5 hours work!” It quickly makes you realise quite how expensive the world is! Plus it made me feel so much better when I did buy things knowing I’d earnt it!
xx
Buy supermarket own brands for everyday essentials so you can spend a little more on a couple of good quality treats when doing your grocery shopping.
Save every penny you can. They already have their own money boxes and bank accounts.
Neither a lender or a borrower be.
Always ask for a discount – if you don’t ask you don’t get!
dont go crazy in your first year of uni.. in way too much overdraft right now
To ask themselves..would this item really enhance my life enough to be woth buying if I don’t really have the money to pay for it…..?
I would give my child the same advice my mother gave to me, ” Save your penies and penies shall soon amount to pounds”.
As soon as you start work put some of it into savings every week. If you get into the habit early enough and save say £20 every week you could easily retire comfortably by the time you are 40.
No store cards, credit cards and loans – you will be paying them off for years and will cost you money, stress and sleep
Do not think you deserve to have evrything just like that. Work hard to save for things. You’ll have no debt and will appreciate things more.
When you go shopping, make a list before you go and stick to it!
(oh, also, don’t smoke, don’t drink, don’t gamble. It’ll save loads!)
NEVER EVER buy anything full price, ALWAYS wait for sales or look for offers!
only buy something if you have the cash to pay for it
Explaining the bad sides of money, the getting into debt spending money on items/things that are not necessary.
Warn them about credit cards, loans and the mega APR on them.
Basically give them a lesson in finances which I believe schools don’t do enough on when educating our children.
Recycle as much as possible and put spare coins or coins you find whilst out into a jar and put it in a Bank whenever you can.
To treat your savings like bills, set up a regular monthly payment. No credit cards and only buy something you could afford to buy twice.
the more you put in, the more you’ll get out. oh and “every little helps”.
Try and save birthday/xmas money. After a while it adds up.
invest in Gold
Be prudent with your money & ask yourself can you survive without it.Have at least three months wages saved up for an emergence.
Compare, compare and compare again…no matter what you’re buying, whether car insurance or an xbox game always check a few places for a better price before you buy.
Keep back 10% of your pocket money and learn to save it up for big things that you want.
Spend half, Save Half!
Start your pension early and have a savings account that takes 3-5days to access it because it makes you think when you have to wait for the money to be available
Educate yourself about products available – use comparison websites, and review websites. Good value is not always dependent on price. It can be worth paying more for an item that will last longer.
I’ve taught my 3 daughters to cook. They’ll never have to rely on anyone else to feed them and they can save loads of money buying fresh ingredients and being thrifty.
Don’t borrow – save for it.
Spend wisely, save more
do look after the pennies………..and always save
all my children have learnt from an early age the value of money and they have all been taught to shop around for the best deal for what they want when they have managed to earn and save enough money to buy it they all love the fact they can save a bit of money by looking in different shops or online for that one product
I would say to enjoy their lives without getting into too much debt.
save for a rainy day
always shop around for bargains, don’t pay over the odds for something just because you haven’t looked elsewhere!
initially use a pay-as-you-go phone contract to appreciate the value of money.
Always think about why you want something and can you afford it. Never spend more than you can afford and respect your possessions so that they have longevity.
save save save for a rain day
Don’t buy anything unless you’ve waited 24 hours – you’ll probably find you no longer want it
Search on-line when buying anything, check out best prices – and use a cash-back site too!
Start a pension at 18 / put half of everything you earn into savings….you will be able to retire earlier and be comfortable to enjoy life..get a trade…and work for yourself if possible.
I intend to teach my children the value of money, and to question whenever they buy something to think a) Do they really want it, b) Do they really need it and c) Can you really afford it.
Always shop arround online first to get the best deal,
Dont buy new when you can get it second hand for half the price
Keeping your money in two places eg bank accounts one for bills and one for spending that way you can never accidently spend your bill money.
My favourite is have a pot you fill with your change! we do this every year will fill it with our 1p 2p 5p and by december when we empty it and get it changed up we always have arround £100 ! then we start again in january, just shows every 1p adds up!
Live within your means. Don’t be tempted to borrow in order to live a lifestyle you cannot afford
Make lists for everything, have a budget & stick to it & always put money aside for unexpected incidents!
Never pay full price for anything. Always buy on offer or online.
shop around for the best price of items to save money 🙂
I would tell them to save a percentage of their pocket , birthday & xmas money.
They will realise how important it was once they need a deposit to buy a house.
To value the love of family and friends an not to be too concerned with material possessions.
I tell my children to never spend all you have, always save a little for when you a short of cash. Also to always save up for things you want, never borrow and get things on the never never, you only end up with debt. Its better to save up and buy it outright as this always makes you appreciate things more.
Dont buy cheap buy quality items on sale. As so often if you buy cheap you buy twice
Unless im desperate for something , i decide what i want and keep checking the web for special offers/slae every few weeks until it becomes a price i want to pay.
My mum told me a saying “Look after the pennies and the pounds will look after themselves” and it is so true I will pass this down to my children
I was an impulse buyer and wasted lots of money on items that I didn’t need. My tip would be to wait a week before buying a luxery item, and if you still wanted it buy it.
I live my life and passed on to my children the ‘Waste Not Want Not idiology’.
Live within your means and save for what you want.
i would encourage my children to use cash .. its all too easy to spend what you cant afford when you arent physically handing it over.
but for money saving .. i would pass on the good old tip of not shopping on an empty stomach !!! if im hungry when im shopping i buy far more than if i have just eaten , it really is a noticable amount 🙂
I would tell them to remember that you very raely get something for nothing, so if they want anything in life they have to go out and earn it
Just Simply dont spend beyond your means. x
Never spend any more than you have! Debt is very, very expensive!