Savings: You could become 'financially free' amid money challenges & low interest rates
Saving money is challenging, particularly due to the cost of living growing each year, and the obstacles brought about by the COVID-19 crisis. But many people are still keen to cut costs and live a more financially efficient life, and there are ways in which to do so. To explore the actions Britons can contemplate taking, Express.co.uk spoke to Aseem Munshi, CEO of anti-debt financial app Updraft, about the matter.
This money can then be used to pay off debt, add to savings pots or support day to day spending.
Next, a process of simplified spending can significantly help someone’s savings, and drawing together one’s accounts can help.
Linking accounts or drawing them together can assist Britons in tracking how much they spend each month, and eliminating actions which are unnecessary.
Mr Munshi’s next point for saving money and becoming financially free involves a psychological tip relying on the idea of brain power.
He continued: “Delete card details on your phone autofill or shopping websites.
