Nurseries lose money each year due to free pre-schools

We all know what it is like to lose money, so here are ideas to help you save your money for those tough times.

07:31 25 June 2013

News shows that nurseries lose about £700 per year on their free pre-schools.

Most of us have experienced monetary loss. Even when finances are tight it is important to try and save, even if you have to put a few pence aside in a jar here and there.

Here are a few ways to help you grow your savings account to help you weather the times of monetary loss.

• Start small—many of us do not think it is worth considering a savings account if we only have a little bit here and there which is extra. That mindset often means families who need a savings most, do not have any. In reality, when your budget is tight £10 or £20 could make difference. This is one of those times when it is okay to think small.

 

• Jar—you can make this a craft project if you want, or turn it into a part of your home décor if you feel like being creative, but using a cleaned out jar can be a way to create an incentive to save, and to leave the money in the jar until you can deposit it into a savings account. If you are the kind of person who will dip into the jar whenever you need something, try hiding the jar, or use one that is not transparent.

 

• Creative—obtaining enough to put into a savings account might be easier than you anticipated. Most of us receive gifts from time to time, either monetary or otherwise. You can sell the gifts, or return them and put the money into savings if things are very tight.

You may be able to find other creative ways to add to your savings account such as selling unwanted and unnecessary household items to the local pawnshop or via internet.