EARN MORE MONEY DURING LOCKDOWN | MARVIN GERMO

EARN MORE MONEY
EARN MORE MONEY DURING LOCKDOWN | Monitoring the money leaving your account each month is one of the easiest and most effective ways to reduce your spending. Perhaps you’re still paying for that magazine subscription you never use. Maybe you planned to end your app payment after the free trial was over but forgot. Have you remembered to cancel or freeze your monthly gym membership?

You can find out which direct debits are leaving your account directly from your online banking. Alternatively, try an app like smart-bill which will help you find and cancel unwanted subscriptions and track your monthly outgoings. This is especially useful if you have multiple bank accounts.

You can sometimes freeze payments on services you aren’t currently using, such as your gym membership. This may cost you a monthly fee, but it will be lower than your regular monthly payment. You can then restart the payment when everything goes back to normal.

If you’re missing your gym hit, take a look at how students are staying active in quarantine.

2.Use a money managing app

Online banking apps can be a major time saver when it comes to managing your money. They can help you budget, save and track your spending.

Monzo is a popular money managing app. Known for their fluorescent coral cards, the bank helps you easily split your money into bills, savings and spending money. You can easily open savings pots, where you can earn interest on your saved money. If needed, you can also set up an overdraft of up to £500 and loans up to £3,000.

Snoop is a free app which identifies ways to save money based on what you’re already doing. It is authorized and regulated by the Financial Conduct Authority. The app also takes note of the stores you shop in and will let you know if there are any voucher codes for next time.

Yolt gathers information from your bank accounts and displays your spending history on charts so you can easily see what you’re spending. It allows you to earn rewards from various retailers and also compares your utility and insurance providers to help you save.

3.Pay your credit card on time

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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