Eight in 10 Brits turn to money-saving strategies like 'no spend days' and savings pots
Eight in 10 Brits turn to money-saving strategies like 'no spend days' and savings pots
A new study of 2,000 adults has revealed the most common ways we are actively looking to save extra cash.
Brits are saving extra money where they can
(Image: Getty Images )
A recent poll of 2,000 UK adults has found eight in ten are adopting various money-saving tactics to boost their finances. These strategies include creating separate savings 'pots', reviewing and cancelling unused subscriptions, and implementing 'no spend days'.
Some people are also taking advantage of introductory offers by opening new bank accounts, reverting to using cash, and timing direct debit payments to coincide with payday. Additionally, many people are tracking their expenditure using methods such as spreadsheets, mobile banking apps, or traditional pen and paper.
Merve Ferrero, chief strategy officer at Zopa Bank, said: "As the study shows, consumers want their finances to work harder – more dough with less effort, alongside digital ease and convenience. Instead of ease, they're stuck juggling clunky apps and loyalty to banks that give back next to nothing.
"While money is tight for most of us, today there are smart moves that can make money go further."
In response to these findings, Zopa Bank has introduced its new flagship Biscuit account, designed to provide a seamless customer experience and attractive rates. To promote the launch, the company presented food critic Grace Dent with a unique edible credit card.
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Grace Dent was presented with Zopa Bank's new 'Biscuit' current account
(Image: PinPep )
Research showed that using these money-saving hacks left people feeling enthusiastic, happy and at ease. Yet, despite the majority adopting approaches to make their money do more for them, many are reluctant to change their ways.
Four in ten respondents reported staying loyal to their bank for more than 20 years. However, only one in five believed they were receiving a good enough deal.
Article continues below
Grace Dent takes a bite out of Zopa Bank's new 'Biscuit'
(Image: PinPep )
One fifth admitted to never having contemplated switching bank accounts, but suggested they could be tempted if they were offered a better savings rate or received a reward for joining.
Merve said: "Cashback on monthly bills and competitive interest on our hard-earned savings can add value at every bite – making life just a little easier. As consumers, we want to get the value that we deserve, with less effort."
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Eight in 10 Brits turn to money-saving strategies like 'no spend days' and savings pots A new study of 2,000 adults has revealed the most common ways we are actively looking to save extra cash. Brits are saving extra money where they can (Image: Getty Images ) A recent poll of 2,000 UK adults has found eight in ten are adopting various money-saving tactics to boost their finances. These strategies include creating separate savings 'pots', reviewing and cancelling unused subscriptions, and implementing 'no spend days'. Some people are also taking advantage of introductory offers by opening new bank accounts, reverting to using cash, and timing direct debit payments to coincide with payday. Additionally, many people are tracking their expenditure using methods such as spreadsheets, mobile banking apps, or traditional pen and paper. Merve Ferrero, chief strategy officer at Zopa Bank, said: "As the study shows, consumers want their finances to work harder – more dough with less effort, alongside digital ease and convenience. Instead of ease, they're stuck juggling clunky apps and loyalty to banks that give back next to nothing. "While money is tight for most of us, today there are smart moves that can make money go further." In response to these findings, Zopa Bank has introduced its new flagship Biscuit account, designed to provide a seamless customer experience and attractive rates. To promote the launch, the company presented food critic Grace Dent with a unique edible credit card. Article continues below Grace Dent was presented with Zopa Bank's new 'Biscuit' current account (Image: PinPep ) Research showed that using these money-saving hacks left people feeling enthusiastic, happy and at ease. Yet, despite the majority adopting approaches to make their money do more for them, many are reluctant to change their ways. Four in ten respondents reported staying loyal to their bank for more than 20 years. However, only one in five believed they were receiving a good enough deal. Article continues below Grace Dent takes a bite out of Zopa Bank's new 'Biscuit' (Image: PinPep ) One fifth admitted to never having contemplated switching bank accounts, but suggested they could be tempted if they were offered a better savings rate or received a reward for joining. Merve said: "Cashback on monthly bills and competitive interest on our hard-earned savings can add value at every bite – making life just a little easier. As consumers, we want to get the value that we deserve, with less effort."
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