| UPDATED: 07:36, Tue, Jan 19, 2021
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Saving money is important because it helps protect you in the event of a financial emergency. Whether it’s losing your job, or being forced to fork out on essential repairs for your car or home, it’s always good to have some extra cash in the bank. Additionally, saving money can help you avoid debt, reduce financial stress and provide you with a greater sense of financial freedom. In truth, there are countless reasons to start saving your money, and they’re all as good as each other - so here s ten ways you can start doing this.
Express.co.uk spoke to Elin Helander, chief scientific officer at the money saving app Dreams, to gain further insight.
Ms Helander examined the ways people can clear their debts in 2021, and the mindset needed for success in this area.
She provided details of which debts to prioritise, and how to tackle the issue head on this new year.
Ms Helander said: “Being in debt is highly correlated with low financial wellbeing, especially when it’s consumer debt, so trying to get out of debt is a good goal.
Money saving: How Britons can ‘prosper’ and become debt free in 2021 (Image: Getty)
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When we are feeling low or anxious, we use all sorts of tricks to distract ourselves from the emotions that seem out of control. We might play slots or games, we might swipe away on our phones or watch endless boxsets on Netflix. While distraction is a valid option as a short term solution, you may need to do more to make a long term difference to your wellbeing. Here we explore 12 tips that could help to improve your mental health.
12 Mental Health Tips – Improve Your Mental Health
While you hear the advice “talk to someone” all the time, quite often we don’t. We might feel shame at the thoughts we are having or we do not want to worry the other person and make it “their problem”.