Savvy Saving

 

Saving money can be difficult, especially if you’re trying to balance your budgets. According to The Money Charity, in January 2020 approximately 12.8 million households either had no or less than £1,500 savings. This is why we want to help our members to grow their savings each month. 

You can use our Budget Planner to work out how much you could be saving each month. Whether you’re putting money aside for a holiday, starting to save for Christmas or simply being prepared for an unexpected cost (e.g. car repairs), savings are important. 

At No1 CopperPot we encourage all of our members to save. Check out the savings accounts we offer below!

 

Family Member Account

Family living at your address (over the age of 18) are eligible to join, save and apply for loans.

 

 

 

 

Member Account

An easy access savings account, which allows you to save via payroll deduction.

 

 

 

 

 

Junior Account

Save on behalf of your children or grandchildren under the age of 18.

 

 

 

How much could you be saving?

What are you saving for?How much per month?Total after 1 yearTotal after 3 years
Rainy day savings fund£25£300£900
Christmas£30£360£1,080
Annual holiday£50£600£1,800
Car costs/save for new car£75£900£2,700
Mortgage deposit£200£2,400£7,200

 

 


Top tips to save you money

 

Cheaper prescriptions and medications
There are a whole host of ways to cut the cost of medicines without compromising on their quality. From getting prescription ‘season tickets’ to buying generic products (e.g. Asda Paracetamol) rather than big-name brands, you can make sure you’re saving money where you can. You could be entitled to free prescriptions. Check if you are eligible on the NHS website here. It could also be cheaper for you to look at a Prescription Prepayment Certificate (PPC). Click here to see if you could save.
Saving money when getting married
It’s possible to have your dream wedding without breaking the bank. This article is full of top tips on getting value for money on your big day, so you don’t spend the rest of your married life paying for it. Click here to find out more.
Be mobile smart and save
It can be worth shopping around before tying yourself into a lengthy contract for a mobile phone. There are plenty of mobile comparison sites available where you can check which network is offering the best deal for you. Another great way to save is by moving to a sim-only plan once your current contract expires, but keep the same handset. You can pick up some great deals from just £5/month! Finally, say no to premium rate numbers! Answering a phone call where the phone number begins with one of the prefixes 09, 118, 0871, 0872 or 0873 are actually more like premium rates, costing anything up to £3.60/minute!
Save on entertainment
There are various sites where you can get discounts on things such as cinema tickets and weekend getaways. It is always worth doing your research before paying full price. Some commonly used platforms are Groupon, Wowcher and ItIsOn. You may also get discounts and benefits from your mobile phone provider, so visit their website to see what you can get.
Reduce the cost of your exising debt
The longer you have outstanding debts, whether in the form of loans, credit cards or finance agreements, the more interest you will be charged. The sooner you clear your debts, the more money you will save in interest payments! You could also save money by consolidating your debts into a single repayment. This is a popular product with our members and you can find out more here.