Engage in the savings habit
Ann Francis of Cambrian Savings and Loans looks at why money-savvy people from all walks of life are getting the savings habit.
If you are anything like me, you won’t be able to resist a bargain. I’m a strong believer in the adage a penny saved is a penny earned, and so I’m always on the look out for ways to make the most of my money.
I was delighted to recently read that even former Man City and Leeds footballer Danny Mills follows this philosophy. In an interview, the former England defender admitted to clipping coupons to make sure he got good value for his money. A man after my own heart!
Saving money is obviously something that is important at Cambrian. As a community organisation focused on savings and loans, we very much do what it says on the sign, if not the tin!
Having said that, our members have often asked when we will offer a normal current account.
This is not something we do at the moment, but as part of a move to make sure our members get a great deal from the credit union membership, we are introducing a new Engage card that can be pre-loaded with money and used in shops across the UK.
The card is a genuine alternative to high street banking giving a UK sort code and current account number, plus the opportunity to pay bills make transfers and set up a standing order.
Best of all, as we’re always looking for ways to help members save where possible, the card comes with some great link-ups with national chains, that means you can get cash back on things like a weekly shop at Asda or something for your home at B&Q or Argos.
Other high street chains such as Marks & Spencer, ToysRUs and New Look are part of the scheme, allowing members to save while they shop. The savings quickly add up over a month, and that money could go, for example, towards Christmas, or maybe a summer holiday?
It’s ideal for savings-savvy shoppers – including millionaire footballers!