7 Ways to Stay on Top of Your Savings

As the economic climate continues to look bleak it is important to stay on top of your finances. As well as staying on top of your savings, you also need to cut down your outgoings and identify ways in which you could do so. From looking at your receipts to the latest apps, we look at ways you can stay on top of your finances in 2013. 

1 – Simplify Your Finances 

It is a good idea to consolidate all your debt onto one credit card and also try to shop around for the best rates you can get on your savings and current account. The less organizations you have to deal with, the easier it will seem to focus on your finances. 

2 – Use Apps 

With a huge range available on smartphones, tablets and computers, finance apps are a great way of tracking your expenses and allow you to work out budgets efficiently. Many of these apps also let you sync up different account. 

3 – Online Banking 

With online banking at your fingertips  it provides a great way for you to stay on top of your finances. It also allows you to set up direct debits that can be a great way to ensure you meet financial deadlines in the future. 

4 – Analyse Your Budget 

As many finance guest posts state - Separate your budget down into sub sections such as bills, food and luxuries. Doing so will allow you to see where you could be spending less, ultimately helping save you money for the future. 

5 – Keep Receipts 

Keep all your receipts together in manageable folders or even scan them onto your computer. In doing so, you can ensure you are not wasting money and it allows you to break down your finances further. 

6 – Direct Debits 

Setting up direct debits via online banking couldn't be much easier and it is a great way of ensuring you meet payment deadlines on time and avoid penalties. 

7 – Loans 

Look out for loans that may be suitable to your situation, whether it is payday loans, loans for bad credit or guarantor loans. It is important to ensure you shop around for the best deals to ensure you don't get ripped off. 

Author Bio: Luke writes about finance, from extreme money saving to the latest news in the industry. In his spare time he enjoys helping others, you can find him on Google +.