Savings Tips and Tricks: Ascot Mortgages’ Guide to Financial Security
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Written by:
Alison Gibson
Ascot Mortgage Expert
Last Updated:
19.10.2023
Written by:
Alison Gibson
Ascot Mortgage Expert
Last Updated:
19.10.2023
Why Savings are Crucial
A robust savings account is often the backbone of any financial plan. It not only provides you with a safety net during unforeseen circumstances but also offers the flexibility to make significant life decisions, like purchasing a home, without undue stress.Essential Savings Tips and Tricks:
- Start Small, Aim Big: You don’t have to set aside large amounts initially. Begin with what you can, and over time, increase your monthly savings goal.
- Automate Your Savings: Set up a direct debit to transfer a set amount to your savings account every month. Automation ensures consistency and removes the temptation to skip.
- Track Your Spending: By understanding where your money goes, you can identify areas to cut back on and redirect those funds into savings.
- Set Clear Goals: Whether it’s a dream holiday, a new home, or an emergency fund, having a goal can motivate you to save consistently.
- Limit Impulse Purchases: Before making a significant buy, give yourself a cooling-off period. It can help in distinguishing between needs and wants.
- Shop Smart: Look out for sales, use coupons, and compare prices before purchasing. The pounds saved can add up over time.
- Reduce Unnecessary Subscriptions: Assess all your monthly and yearly subscriptions. If you aren’t using them, consider cancelling.
- Build an Emergency Fund: Aim for three to six months’ worth of living expenses. This fund acts as a buffer during unexpected events, reducing the need to dip into your savings.
- Consider High-Interest Savings Accounts: Look for accounts offering competitive interest rates. Over time, this can lead to substantial compound growth.
- Seek Expert Financial Advice: Financial planning can be intricate. If unsure about the best savings strategy for your needs, don’t hesitate to seek expert advice.
Ascot Mortgages: Your Financial Partner
Your journey to financial security is a marathon, not a sprint. With our commitment to offering exclusive rates, quick approvals, and tailored solutions, Ascot Mortgages is here to guide you every step of the way, ensuring a hassle-free mortgage experience.
For personalised advice on savings or any mortgage-related queries, reach out to us at tel: 01925711558 or email: [email protected]. Let’s build a brighter financial future together!
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Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £399 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £879 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
Ascot Mortgages Limited is registered in England and Wales and have their registered office at 8 Webster Court, Westbrook, Warrington, WA5 8WD. The company’s registration number is 06764971.
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