Never have enough money to save? Here’s what you can do…


Open a UK banking account instantly with the award-winning Monese mobile app. You don’t need a UK address and there are no credit checks. Try it free now.


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There are around 6 million people in the UK who say they are living ‘hand-to-mouth’ every month. This means that their paycheck only lasts them the month and in some cases, less than the month, and there is no money for any extra’s or extravagances. Although it’s hard to consider saving if you are in this situation, it’s not impossible. In fact, this goes for everyone – there are ways you can make sure you don’t pay over the odds, waste any money or go without to save some cash.

Here are the two best ways you can save money even if you think it’s impossible:

Get negotiating

The first thing you need to do is get a list of all your bills and subscriptions. Once you have gathered this information you are going to need to set aside an hour or two to phone or email each company to make sure you are getting the absolute best deal available. When it comes to your energy bills, use switch sites like Uswitch or SimplySwitch to see if you could be better of with a different supplier.

When it comes to your subscriptions think about how often you actually use them, or if they can be downgraded to a cheaper package. Often, we sign up to things for the free trial and forget to cancel, so make sure you are not paying for something that you don’t use. Often you’ll find that companies will make you an offer for a cheaper monthly fee, rather than see you cancel the service altogether.

Make it automatic

When you’ve managed to save some money on your outgoings don’t see it as extra money to spend as you please. I know it’s difficult as technically you will have some ‘spare’ cash now, but try to stick to your original budget and not get used to splashing the extra money around. Instead, set up an automatic transfer to take a small amount of money from your main account and put it in a separate savings account as soon as you get paid. It doesn’t need to be much at all – even £15 a month is a great start. By making the transfer automatic you won’t miss the money or be tempted to spend it elsewhere.

Get yourself a Monese account now – it takes less than 120 seconds, and you only need your passport or national i.d to get started. Once your account is opened you will receive your personal UK sort code and account number, which you can use to receive transfers and payments straight away. There are no long forms to fill out, no need for a proof of address or your credit history either. The great thing is that you can also earn money with Monese. Once you are signed up you can share your personal referral code, then when someone uses it to sign up and makes their first deposit, you both get a free £5 straight into your Monese accounts. There is also no limit to how many times your code can be shared! All you have to do is download the app now to get started!

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