Tried The Subtle Money Saving Hack That Can Save You Hundreds Of Pounds With Just Change

The cost of living is undoubtedly making us all more money conscious and across the country everyone is desperately looking for vital ways to save some extra cash.

From wartime cooking methods, protests inside your own home, and even the suppression of basic lifestyles – people are frantically trying anything and everything to save some pennies. What if I told you there was an easier way?

Save the Change is the awesome way to count your loose change through your online bank. Available at Lloyds Bank and Halifax to name a few, it’s the digital equivalent of those slot pots we all have at home – but never find the time to take to the bank!

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How it works?

In its simplest form, you sign up for a savings account and spend on your debit card as usual. For example, if you spent £1.70 on your daily coffee, then your bank will automatically round that cost to the nearest pound, so in this example your coffee would be rounded to £2, with the remaining 30 pence automatically going into your dedicated account. Save the Change Savings Account.

The great thing about this is that when we spend our money, our brains are very good at rounding up anyway. When was the last time you saw something priced at £5.99 and rounded it up to £6 in your head?

What did I save?

Starting with daily commutes and trips. With four bus tickets priced at £3.70 each, that’s 90 pence, or nearly £1 a week. That’s £3.60 a month – Not a bad start!

One of the most important parts of every day – daily coffee. At £3.75 a day, that means 25p each day is saved – totaling £1.25 for the week or £5 for a month.

I do my shopping twice a week thanks to the pets who need lots of fresh food. Although my purchase fees change each time, on average they remain about the same. This week came in at £37.60 for the first store and the second at £32.22.

From these, split into rounded savings of 40p and 78p, a total of £1.18 was paid into the savings account for the week, or £4.72 per month. In total, on the bare necessities, that works out to £13.32 per month, which might not seem like much, but adds up to £159.84 per year.

With the cost of everything rising recently, I’ll take £150 a year, which could well go towards Christmas shopping towards the end of the year or even just a nice treat for yourself. It might not be the biggest saver, but it just shows that loose change can really add up in the long run.