Money saving tips: Britons could save up to £5,000 in three months with viral TikTok hack | Personal Finance | Finance

As people look for ways to save and attempt various savings challenges, Mr Drewe shared insight into little-known and underrated money-saving hacks that could help people save over the long term to try and keep up with the rising inflation.

He said: “Outside of social media, there are plenty of other means and methods for saving money that are much more unknown, particularly when it comes to longer-term saving plans and goals.

“To achieve longer-term saving goals, I predict we will begin to see a rise in the number of people making use of low-risk investment apps. Apps such as Moneybox allow users to set up stocks and shares ISAs, and they can use the app to invest their savings into stocks and shares.

“With many of these investment accounts, you can already earn interest before you actually start investing. For example, with the Moneybox Stocks & Shares ISA, account holders will earn three percent AER (variable) on any savings that are stored in the ISA.”

READ MORE: Britons can get up to £6,000 to help with heat pump costs – list of grants available 

Check Also

Scottish power slammed as they secure warrants to force fit prepay meters into homes | Personal Finance | Finance

Scottish Power’s drive to force Prepayment Meters (PPMs) on customers has been labelled obscene by …