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My dreams of travelling are so vivid that sometimes I am tricked into believing I am experiencing those dreams till I wake up and realise that I am at home and it's time to wake up for work. And spend the first part of my everyday routine contemplating my dream
Ski holidays, pros, and cons, how to plan them effectively without breaking your budget
“Life is like skiing. Just like skiing, the goal is not to get to the bottom of the hill. It’s to have a bunch of good runs before the sun sets” - Seth Godin
The cost-of-living crisis in the UK has made a substantial amount of people make a lot of adjustments to their wallets, including keeping a tighter rein on their budgets.
The data indicates that it has become increasingly more difficult for people to weather the economic difficulties, with the main reasons stated by respondents being an increase in food shopping expenses (94%), an increase in gas and electricity costs (82%) and a rise in fuel prices (77%).
ONs increased their data collection by using a larger pool of data to assess the various actions people are making to combat the cost-of-living challenge in more depth between 30th March to 19th June 2022.
The main lifestyle changes those who took part in the research reported had been cutting back on non-essentials (57%, around 26 million people), reducing their gas and electricity outgoings (51%, about 24 million people), decreasing journeys made by a vehicle which were not essential (42%, roughly 19 million people).
The cost of living has also impacted the ability to purchase ski holidays as, according to new research, 5 in 10 British package holiday skiers have decided to adjust their winter season trip in 2022. Snow sports can be costly; with lift passes, equipment, rentals, transport, lessons and food, the costs quickly mount up.
Research conducted by Club Med, which provides all-inclusive holiday packages, also revealed that 45 per cent of regular skiers are thinking of altering their winter sports plans.
The study had 2000 British participants and was undertaken during a time when energy prices and severe inflation were straining people’s ability to travel for winter sports.
Although there is much more normality this year compared to previous seasons disrupted by the pandemic, the cost-of-living calamity means that people are facing much more of a burden on their financial pockets.
Ski trips are expected to increase in price as some energy-concentrated resorts boost costs to manage the rocketing electricity and gas costs. Even though prices are expected to rise, some ski fanatics seek more budget-friendly skiing holiday options without causing severe ruin to their finances. According to Club Med research, 53% of participants are contemplating more cost-effective options. On the other hand, others are putting their skiing boots aside for now.
Meanwhile, according to research conducted by ABTA, regarding general holiday making, just 4% of people who ventured on holiday this year have decided not to make another trip next year because of financial constraints, and 61% of respondents will go on a holiday abroad. However, just 35% will adjust their spending habits and opt for less expensive trips.
ABTA undertook the study in late August before Former Chancellor Kwasi Kwarteng’s mini-budget affected the pound and increased the prospect of further increased interest rates, elevated mortgage expenses and diminishing disposable salaries.
ABTA Holiday Habits report noted an increase in people booking holidays through agents or travel experts in 2022 compared to 2019, as many had holidays cancelled during the pandemic. This booking method was primarily used by families, more than half of whom had young children.
Advantages and disadvantages of Ski holidays
Advantages:
A bonding experience for families, partners, or friends
Enjoyable activity/ good form of exercise
Alternative ski trips are also available to less popular destinations as more popular ski destinations tend to be more expensive
Cheaper if you travel in the low season
Memorable experience
Disadvantages:
Skiing can be pretty expensive, especially if you want to travel to the most popular skiing destinations
Skiing comes with several extra costs, such as lift passes, equipment, rentals, transport, lessons, and food
The cost-of-living crisis makes it more difficult for many households to afford adventures like skiing which may seem out of reach
Risk of minor to severe injury
Some injuries from skiing can result in fatalities
Cost-effective Skiing recommendations
1. Travel during low seasons
The cost of going abroad increases substantially during the summer school holidays, Easter, Christmas and two half-term holidays. However, travelling out of season is usually less expensive and less disruptive. Travel supermarket says the best time to travel is January or March for skiing trips.
2. Choose a budget-friendly resort
The booking of a holiday that fits within your best interests in terms of expenses, such as airport and accommodation, the distance between the airport and your place of residence, the distance between airport and accommodation is vital as booking in haste can sometimes lead to investing in a costly holiday when you could have purchased a more cost-effective holiday. For Ski holidays, it is advised to avoid popular destinations such as France and Switzerland and to go to resorts which are not as known, such as Bulgaria, as these usually offer skiing at a less expensive rate.
If you are hoping to make money, go further research and see which countries give you more bang for your buck when you exchange your home currency.
3. Take Ski lessons in the afternoon
Most people prefer to ski in the morning; therefore, prices are higher during this time of day; however, ski schools offer discounts in the afternoon.
4. Rent out equipment in advance
Booking your ski equipment in advance may be less expensive than hiring equipment when your get to your chosen destination. Pre-booking may facilitate and speed up the pickup of your pre-booked kit, and it is more likely to be ready when you get to your resort.
5. Outdo baggage fees
Travelling as light as possible can help to avoid paying extra charges for baggage; it is also a good idea to weigh your bag at home before you arrive at the airport.
6. Take longer travel routes
If you do not have any time constraints and can go the long way around, think about purchasing flights with a stopover, as indirect journeys are usually cheaper. Different airports can also vary in price, so compare the prices they are charging and ensure that your chosen airport is within a reachable distance before taking the plunge.
7. Flexibility is key
The cost of booking a flight can differ depending on the month, day and time of day in which you travel; research and flexibility are vital in the art of perfecting your booking. Weekends are generally more expensive, according to Skyscanner.
8. Consider catered accommodation
A package deal that includes a catered chalet or half-board hotel may work out cheaper than eating out in the resort. Deals can include other incentives such as Ski hire and may make it easier to calculate how much you may need to put aside for your trip before travelling.
If you opt out of a package that includes catering and decide to be fully in charge of your own meals, choose an accommodation with cooking amenities, as purchasing food from outside daily will be costly.
Intellisaving:
Saving is also essential for several needs, from emergencies to saving for adventures such as ski holidays. Keeping track of your finances is crucial so you can keep an eye on what is coming in and out of your account and notify your bank if you notice any unauthorised purchases. Intellisaving is a money-saving app that enables users to track and integrate multiple saving and interest-bearing accounts to their platform to facilitate tracking of these accounts and to allow users to compare the best saving rates for different saving products by various banks and building institutes.
The website and app are also home to numerous articles with money-saving tips ranging from retirement to fintech and budgeting.
Skiing can be an expensive sport, but by seeking cost-effective strategies such as those mentioned, adventure seekers on a budget will be better prepared to invest in a skiing adventure in the future.
Skiing trips in countries which are not usually popular destinations for skiing may also help you save a pretty penny while making once-in-a-lifetime memories with your dearest and nearest because any opportunity to experience something new is a worthwhile investment of your time and money as long as you can make it fit within your financial means.
The state of the UK economy
“This pandemic has provided an opportunity to rest. This is our chance to accelerate our pre-pandemic efforts to reimagine economic systems, that actually address global challenges like extreme poverty, inequality and climate change.”- Pierre Poilievre
The state of the UK economy has caused turmoil for many hanging on by a thread, with the cost-of-living soaring and inflation reaching 9.9%, making the cost of living much more expensive. The cost of grocery inflation alone has reached an alarming 13.9% over 12 weeks to the 2nd of October, resulting in a £643 increase in a typical yearly bill, according to Kantar Worldpanel findings. This showed a steep rise compared to September, where the rate was 12.4%, amounting to an additional £571 to a typical bill. The increase in food costs has significantly contributed to the added pressure on consumer prices (CPI).
Furthermore, the economy affects everything else, such as savings, electricity prices, mortgages, and rents; the effect can be either positive or negative, though unfortunately, in 2022, this has been greatly on the undesirable side. As the UK has had a slower recovery from the pandemic than initially anticipated, the UK is the only G7 country with a reduced economy than early 2020. According to official figures, this will likely further undercut the government’s tax-cutting strategy.
Moreover, the office for national statistics (ONS) published figures which showed that the economy was 0.2% smaller than in February 2020, triggered by an onset of recession during the pandemic and fragile economic recovery.
ONS previously predicted a 0.1% fall in GDP during the second quarter of 2022; however, they have revised this as the UK economy grew by 0.2% in the second quarter of 2022.
The upheaval in the British monetary market has exhibited the UK’s substantial current account shortfall. The value of imports exceeding exports has dwindled since the economic recession of 2008 and the Brexit election even though there has been a sharp decline in the pound’s value making exports less expensive.
This is according to ONS statistics which indicated that the current account gap diminished in the April-June phase to £33.8bn, or 5.5% from the £43.9bn deficit, during the first quarter, which was amended to a lower estimate.
Nevertheless, the January- March shortage was the largest to date, ONs revealed, stating the obstacles UK exporters have finding markets for their goods and services.
How has the UK economy impacted mortgages?
According to published data, the typical rate for two-year mortgages has soared to slightly under 6%; the UK government had hoped that alleviating the financial market would reduce the burden of home loan costs.
Moreover, brokers have warned that 95% of mortgages could be among the next financial fatalities, as a result, Lenders temporally dismantled their lending services after market turmoil instigated by the 23 rd of September mini budget being put in effect by retreating 40% of deals during the last week of September. However, most major lenders have re-entered and come up with new deals, such as Nationwide, NatWest, Barclays, Virgin Money, and Skipton.
There had been hoping that during some quarters of the government’s 45p tax, one-eighty and somewhat quieter market conditions might benefit mortgages through cheaper mortgage deals, but unfortunately, this has not been the case.
The data shared with the Guardian newspaper shows the overall number of new 95% goods accessible has decreased to 129- which is less than the amount on sale on the mini-budget day; this is because of concerns that homeowners could find themselves in negative equity if house prices were to drop 10% or more.
How are savings impacted by the economy?
In the UK, much of the population has a weak relationship with their money. According to the Money Charity, 46% (12.6 million) of UK households do not have any savings or have less than £1,500 in savings. People may find it challenging to save because of low-interest rates and the uncertainty on what product to go for, which has also affected consumers’ ability to save and set money aside. Another reason our ability to save may be impacted is because of the offerings that the market has presented for quite a while which often fail to meet the saver’s main saving requirements. The state of the economy also significantly impacts savings as people may have put more money towards other expenses, such as mortgages and electricity bills, due to the cost-of-living surge, leading to many neglecting their savings.
Intellisaving
Intellisaving is an innovative money-saving app with different users in mind, as their app is suitable for several uses, such as mortgages and retirement. The app enables the integration of multiple savings and ISA accounts. The platform supports over 80 banks and building societies and continues to grow. The app has a dashboard which makes it easier to access the features on the platform, such as top regular saving and top fixed bond accounts, to compare saving products in the market to the ones you already hold. And personalised portfolio displays your financial account summary, such as returns, deposits, withdrawals, and balance.
The state of the economy may be in dire condition currently, but this does not mean that this can not change, as other economic challenges have arisen throughout the centuries, with the most remembered in the 21 st century being the financial crisis of 2008. However, the economy worldwide has never fully recovered; the economy internationally did make leaps and bounds since 2008.
However, after Brexit, the pandemic lockdowns and the war in Ukraine, the UK economy has deteriorated seriously.
In addition, the ability to save is becoming increasingly complicated by the deteriorating state of the economy and the obstacles made by the cost of living and increased expenses.
Consequently, during this challenging time, many will need to reduce savings; however, saving is more important than ever and continuing to save can help many through many difficulties. For instance, at the pandemic’s peak, many people could save more than they had saved before the pandemic; during the global outcry, households were still able to increase their savings pots. There are sometimes positives even amid challenges, despite this often not being recognised during the epicentre of tedious challenges.
Do emotionally intelligent kids grow up to become more financially savvy?
“Emotional intelligence begins to develop in the earliest years. All the small exchanges children have with their parents, teachers, and with each other carry emotional messages”- Daniel Goleman
Emotional intelligence and attitudes towards money are developed at a young age. In fact, research has shown that the behaviour we exhibit as adults are learnt from an early age as children observe the environments to which they are exposed. Parents and carers have the most crucial influence and impact on how kids deal with money when they are adults.
Organisations and educational establishments also have a vital role in helping to shape children’s financial outlook by raising awareness and providing financial education to young people such as children. Therefore, organisations sometimes collaborate to try and combat some of the challenges faced in the 21st century, such as financial exclusion.
According to research, it has been found that many of the attitudes toward money are formed by age seven, therefore talking to young children from a young age is crucial to building their financial resilience young as this can help them to develop positive behaviours that could impact them throughout their lifetime.
In addition, the Covid-19 pandemic showed just how important it is to be financially prepared for eventualities by having savings, as many people in the UK have little to no savings. According to the independent, approximately one in five (19%) adults have less than £100 of savings deposited in their accounts, based on building society findings. This shows an increasing gap in the UK’s financial well-being.
However, during the pandemic (20%), people were able to increase their monthly savings pot; this research was undertaken for the Yorkshire Building society, whose aim is to increase the number of people saving. The building society also found that 21% of people were not saving, compared to 12% in 2019 when a similar study was done.
In addition, one in seven (13%) have no savings they could rely on if the unforeseen happened, and more than a quarter (26%) have less than £500 in savings.
The pandemic also meant that children had fallen behind in their education. Furthermore, educational establishments do not always have the resources to teach children financial education; therefore, allocating time after they finish school or on the weekends to educate children on managing finances is crucial.
Studies have also shown a significant link between money and overall well-being, as those prone to debt struggle more with mental health. MyBnk has closely examined the association between money and young people’s mental health.
A study of 3,700 young participants aged 11-25 was conducted by Mybnk. The study revealed that females were less financially confident and had more financial-related worries impacting their mental health than male participants. However, this changes after an intervention occurs as the gap closes and females surpass the capabilities of males.
How to teach a child to be financially savvy?
1. Do quizzes and games around financial management
Create quizzes/games for your child, such as a Needs vs wants quiz or game where they have to say what they think is a want or need and why. And then, you can use these games to educate them by correcting their answers and explaining why something is right or wrong.
2. Give children an allowance
Introduce an allowance system where children save within a budget to manage their money in a way that makes it last until their next allowance. This will teach them the importance of budgeting so that they have enough until they make it until they receive their subsequent payment.
3. Use piggy banks
Go piggy banking shopping with your child, let them choose the piggy bank, and encourage them to use it to save towards their goal. You could also buy more than one piggy bank if your child has more than one goal they would like to save for though this is more cost-effective if you have one-two children and can give them an allowance which they can divide between more than one piggy bank
4. Get your children to save towards a goal
Saving towards a goal from a young age is essential as it can help instil the value of saving from childhood, and at the same time, children get to experience what it is like to enjoy the rewards of their saving. For more minor children, saving towards a short-term goal such as a toy is recommended.
5. Have Financial sessions with your child
Schedule some time once a week to teach your child about managing money and setting them a goal. The financial sessions can also be used to review their progress.
6. Offer saving incentives
To encourage saving, if your child has set a goal that would require you to put money on top, you can encourage them to save as much as they can by a specific date and then tell them that you will put the remaining amount on top if you can so that they can get the new console or football kit they have had their eyes on.
Intellisaving:
Intellisaving is an innovative saving app that facilitates managing finances by integrating multiple savings and ISA accounts easily. Cash ISA is one of the main ISA accounts that can be integrated into the Intellisaving platform. Intellisaving supports banks and financial institutes of every size. They also have a feature that allows users to compare their current interest rates with the interest rates offered by other banking providers to access the best savings rates on the app and website.
There are also plenty of other features waiting to be discovered on the app, which can be downloaded on Google play or Playstore.
Intellisaving believes that it is essential to manage finances efficiently no matter what life stage a person is in, as learning the importance of good financial management is valuable at any age.
Research conducted through different sources has indicated that a child does not just become emotionally intelligent; it can depend on various factors, such as the upbringing of the child and the habits and values instilled in them from a young age. The same conclusion can be drawn from sources when it comes to being financially savvy; they need to be taught how to be financially knowledgeable, which is why many websites give advice on raising an emotionally intelligent kid and teaching children to be financially savvy.
Kids tend to follow in their parent’s or guardians’ footsteps, and if they see that their parent’s or carers’ behavioural patterns with money are negative, they can grow up to have the same harmful behaviours with money which can lead to challenges in the future such as debt or mental health exacerbated by money-related concerns.
Therefore, as mentioned earlier, it is crucial to make children aware of how important it is to manage money effectively and save money. Otherwise, they could grow up to join the high number of people in the UK who have little to no savings.
Financial inclusion is when individuals and businesses can equally access affordable financial products and services which are suitable for their requirements, such as savings and insurance. Access to financial services is vital because it helps families and businesses stay on top of their finances and prepare with the future in mind for long-term goals and unprecedented emergencies. The covid-19 pandemic and the soaring cost of living have magnified the importance of essential financial inclusion and financial services in the UK and internationally. According to the world bank, accountholders usually use financial services such as credit and insurance to set up and develop businesses, invest in education or health, and prepare for financial eventualities, which can positively affect their lives.
Saving Trends for 2022
“The tipping point is that magic moment when an idea, trend or social behaviour crosses a threshold, tips and spreads like wildfire” – Malcolm Gladwell
Saving is used to enhance reserves and to safeguard against unprecedented financial challenges. The pandemic further exacerbated the importance of savings, as many people could save more than they had ever saved before due to restricted access due to government regulations during the pandemic’s peak, influencing physical, movement, and social interaction. Saving trends in the financial industry like many other trends change and adapt to the societal changes such as economical, behavioural, and political factors.
In addition, The Bank of England increased the interest rate from 1.25% to 1.75% recently, which for many savers who have no debt is something they have been waiting for a while, as interest rates have been significantly low for more than a decade. Theoretically, banks apply the rate increase to mortgage and saving accounts after BoE has made an increase to interest rates. However, this is not always the case as increases in interest rates implemented by BoE do not always reflect on rises across banks and building societies; for instance, Barclays flagship easy access account still offers a 0.01% on savings between £1 and £49,999. The BoE increased the base rate to 1.75% in December 2021, while Barclays base rate was raised in July 2022 to 1.75%.
There is also a divide in observations made regarding whether a rise in interest rates is good for saving accounts as some savers and others from financial institutes see interest rates being raised by BoE as a positive thing for their savings accounts.
The increase in interest rates is good for fixed rate saving accounts, generally banks and building societies do not allow savers to withdraw money from a fixed rate until their account has reached maturity. This is because holding your cash for a specific amount of time guarantees that you get the interest rate offered and receive a better interest rate; in return for keeping money tied up; the rate is guaranteed. Therefore, it is crucial only to store an amount of money you can afford to put in a fixed savings account without needing access during the term.
Fixed saving rates have been on the rise in recent months, a substantial number of people expect the rates on fixed savings to rise further.
According to Forbes, a savings specialist recommended that those who can save should still save but should also note that if inflation increases, returns will continue to decrease.
On the other hand, sources such as Which argue that their research concluded that between 2016 and 2021, banks and building societies were more likely to cut savings when base rates were reduced than to increase the base rate at any point of time.
Furthermore, banks and building institutes do not always increase interest rates on every saving product and might not raise the amount for each saving product equally. Therefore, waiting a few weeks before checking comparison websites is ideal to see if you can get a reasonable interest rate.
Interest rates can also be eroded by inflation which has the highest level in 40 years with 9.4%- which means that the value of savings is being eroded quicker than it has in the last 40 years.
What do the interest rates mean for mortgages?
The increase in interest rates will have an immediate impact on mortgage bills for many homeowners on tracker or variable mortgages; this will be due to the change in the Bank of England rate.
The additional mortgage fee will be roughly £62 a month for a £250,000 London mortgage. Approximately three-quarters of mortgage holders on fixed rates are not as likely to be negatively affected, but when their deals expire, they are more likely to remortgage at an increased price.
Banks/building societies that offer good interest on current/saving accounts:
Virgin money bank and Nationwide are among some of the banks offering the best interest rates, with Virgin money offering 1.71% AER 2.02 AER on current accounts. A trend that some banks have is opening a current account with a linked saving account with the same building society or bank, as some banks are not allowing people to open a saving account with them without a current account.
1. Virgin Money
The M Plus Saver has the best rates available for savers at 1.71%. AER 1.70% gross per annum variable) cover savings of up to £25,000 and 1.00% on the amount above £25,000. The interest on these accounts is paid quarterly.
The M Plus Saver is Virgin money’s most flexible account. You are in control of depositing the amount you see fit. According to Virgin Money, your money pot grows as your account earns in-credit interest on your current and saving accounts.
2. Nationwide
Get interest on your funds with a 5% AER (4.89% gross per year); this is a fixed rate for a year on balances amounting to £1,500; if the amount is over £1,500 after a year, this will be 0% AER (0% gross a year). You must pay a minimum of £1,000 per month, without including transfers from your other Nationwide accounts or visa credits.
Once your account has been open for a year, it will have a 0.25% AER (0.24% gross a year) variable. If the value is over £1,500, it will have 0% AER (0% gross a year); interest is calculated once a month on the last day of each month, and the interest is paid the following month on the first day of that month.
The bank of England (BoE) has increased interest rates five times in 6 months, which is good for fixed rate saving accounts but not good for some types of mortgages.
Nevertheless, interest rates on saving accounts can be eroded by inflation, therefore before choosing an account, compare deals across different building societies and banks on comparison websites as is a good strategy in finding best savings account.
Some saving suppliers decide not to implement the entire rate increase it is still worth having a saving account in case of an emergency. A savings calculator can also be a helpful tool if you have any goals and want to save a specific amount.
After all, if the last few years, have thought anything is how it is important to have a saving cushion and prepare for the unexpected.
Intellisaving
Saving apps are another saving trend as many consumers are using apps to manage their saving accounts more efficiently. Intellisaving is a money-saving app that integrates multiple saving and ISA accounts to the Intellisaving platform. Intellisaving supports banks and financial institutes of all sizes and is always looking to add more to its platform. Easy access savings and regular savings accounts are among some of the savings accounts you can integrate into the app; there is also a comparison feature for users to compare the highest interest rates in different saving categories such as Cash Isa interest rates. Several features are waiting to be unlocked on the app, which can be downloaded on Google Play or the Apple store.
If you want to delve into some financial reading, look no further than the Intellisaving website, which has a range of articles with money-saving tips.
In addition, saving can be a rewarding journey as you can put money towards a saving goal or an emergency, which means that when the time comes to access your funds, you can enjoy or use the fruit of your savings.
How has higher cost of living had an impact on the consumption of clothing?
“One reason why people resist change is because they focus on what they have to give up, instead of what they have to gain”- Rick Godwin
Higher cost of living has meant that consumers have had to cut costs all around, including on expenditures such as clothing, as essential costs such as energy prices have become quite costly. People are concerned with the cost of living. In fact, according to the Office of National Statistics, three in four adults (77%) have revealed that they feel pretty or relatively worried about the increase in living costs. 81% of which are women, 73% are men, who reported feeling concerned or slightly concerned of those aged between 30-49 years old this was (82%), 77% in the 50-69 age group and 70% of those aged 70 and above.
Consumers are spending less on clothing because of the surge in the cost of living, according to a survey by YouGov. The survey found that four in 10 people had no other option but to cut down their purchases on clothing since November last year, according to the responses of more than 2,000 people in May of this year.
Consumers have buckled their belts in a number of ways such as purchasing less on clothing (29%), opting for cheaper options (10%), and 8% revealed they were driven to stop spending money on clothing entirely.
Moreover, according to Which, they found out through a survey they conducted that people spend under £30 on clothing each month.
Although general levels of worry were similar in adults with different salaries, those with a gross pay lower than £10,000 per year had the highest level of concern (31%), while others who had a higher gross salary of £50,000 or more felt the least worry with 12% feeling very worried.
Furthermore, approximately 7 in 10 adults (68%) who reported that their cost of living had increased were highly concerned about the rising cost of living and revealed that they were spending less on non-essentials.
In addition, 50% of adults were quite concerned about the rapid increase in the cost of living and felt worried every day.
Pointers on how to navigate financial hardship when it comes to clothing:
1. Out with old in with the new- recycle old clothes for vouchers
There are schemes where you will receive a voucher for donating clothing; however, it is worth noting that you must spend a certain amount to receive a coupon for some schemes.
New Look- If you take clothing which is in good condition to a Hospice Charity shop, and scan the QR code, you will receive 15% off during your next shopping trip.
.2. Rent Clothing
There are also apps which individuals can use to rent clothes for special occasions such as weddings and baby showers. Although it is worth noting that renting can come at a cost to the environment because of factors such as dry cleaning.
3. Sell clothing you don’t use on selling apps
The advancement of technology has meant that there is now an app for almost everything, including apps for selling clothes and other accessories, selling what you are no longer making use of, and the money you make out of your selling venture could go towards paying some bills or expenses.
4. Revamp your old clothes and jewellery by adding a creative flair
Revamping your current clothing or jewellery rather than replacing them with new fashion pieces will save you money and get those creative juices flowing. For instance, broken jewellery can sometimes be moulded into another form of jewellery, or a pair of trousers which have become shorter can be cut into shorts and sequins can be added to your creative masterpiece.
5. Look into buying children’s shoes for yourself
Popular brands such as Converse, Nike and Dr Martens produce children’s versions of their more popular styles. As you do not pay VAT on children’s clothes or shoes, you could land some excellent savings if you are size five or under.
6. Look into outlet stores
There are outlet stores which you could visit, but if an outlet store is out of reach, you can go online on eBay and save up to 70% on clothing. Among the brands are Crocs, Sports Direct, Superdry and Office.
7. Consider display shoes
Some High Street chains such as Schuh have websites that specialise in selling reduced, former display shoes with minimal faults, and you can get popular brands such as Adidas and Timberland.
8. Swishing
Swishing works the same way as swapping clothing; you can throw a swishing party where you, your family and friends can swap your previously loved items.
About Intellisaving:
Intellisaving is a smart money-saving app which integrates multiple saving and interest-bearing accounts to one platform. Intellisaving supports over 80 banks and building institutes of different sizes. The platform is also home to numerous features which can be uncovered through the use and download of the app; among some of the features is Dashboard, a default home screen for users where the overall profile summary is shown, and the latest market updates, this page can also be used to navigate and view profile/accounts information in detail. There are also other features such as comparison feature displays the highest interest rates banks and financial institutes currently offer.
Intellisaving is constantly striving to expand its app capability to enhance users’ platform experiences.
The website also has a range of different articles with money-saving tips.
