How to be good with money – Reeling in your spending

February 11, 2019

In episode 5 of the CCPC-sponsored TV show How to be Good with Money, Eoin McGee helped compulsive spender and travel addict Rachel get a handle on her spending. Despite earning good money, she was always broke by the end of the month and needed to start saving for her short and medium-term goals.

“Getting paid monthly requires financial discipline, and lots of people run out of money before they run out of month”. If, by the end of the month, you find that money is getting a little tight, you might find our information on managing your money useful. If you’re a big spender, try out our spending calculator to figure out what you are spending on items that you might not really think about or budget for.

If putting money aside is your priority, find out how much you could save and the different ways you can save. In addition, you can find out information on the different types of regular savings accounts to make the most of your savings.

If, like Rachel, getting on the road is one of your goals you should check out our cars section and think about whether to buy from a private seller or a dealer and what to consider before buying. You should also think about the best way to pay for your car. Saving up and paying for your car in cash is the cheapest option, as you don’t have to pay interest on a loan. Car insurance can be very expensive for first time drivers, make sure you do your research and get the right cover.

Our section on travel is really useful if you’re a frequent flyer. Travel insurance should definitely be on your radar and our travelling abroad money saving tips can help you make your holiday money go further.

Go to our How to be Good with Money page to catch up on previous episodes of the TV show.

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