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Anna Brading uses the platform to share money saving tips
There are three things people can immediately do to manage their money better and save more, a TikTok finance expert has said.
Anna Brading, who uses the platform to share money saving tips, recently told followers how they could ‘level up’ their payday routine.
The certified financial education instructor said those who planned ahead would be able to maximise their income.
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Anna, author of Money Mentor, urged people to pull up their calendar apps and view the whole year before asking themselves ‘What did I miss?’
She said: “One of the biggest mistakes I see people making in their finances is not saving up for things that are already happening and already coming out of your account but are too much to afford in one month.”
She said this often leads people to use their overdraft or credit card.
“Taking a look at a whole year can help you spot any categories that could be a new savings pot, so next time it comes round, you’re ready to go.”
The second tip was aimed at those facing rising bills, as she urged people to pick up the phone and contact their service providers.
“Sometimes they have offers they can give you there and then, and it can save you a lot of money,” she said.
Her third and final tip was for people to start planning how cash would be spent before it hits their account.
“It’s like a psychological trick,” she said. “Because when your income comes in, seeing a lump sum sitting there in your account, that top line number, it can make you feel like you’ve got more money than you actually have.
“But if you get ahead of it, and set up some automations, maybe some savings automations, to happen as soon as you get paid, without you doing anything, it can help you stick to your savings plan rather than going on a spending spree.”
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