Northamptonshire credit union shares ten money tips for Talk Money Week

To mark Talk Money Week (2-6 November), Northamptonshire-based Commsave Credit Union is sharing ten practical money-saving tips to help people take small, realistic steps towards a more secure financial future.

Run by the Money and Pensions Service, Talk Money Week encourages people across the UK to talk more openly about their finances - from pocket money to pensions - and to keep those conversations going all year round. This year’s theme, It All Counts, focuses on manageable actions, recognising that many households are under financial pressure, often for reasons outside their control.

Matt Goulding, Chief Executive of Commsave Credit Union, said: “Talking about money can feel uncomfortable, but it’s often the first step towards feeling more in control. We hear every day from members who are juggling rising costs, and this year’s message really resonates with us - you don’t need to overhaul your finances overnight.

“Putting a few pounds aside, checking what you’re paying for each month or having an honest conversation with someone you trust can all make a difference. It really does all count.”

Commsave’s ten tips focus on simple changes that can add up over time:

1.        Track and budget your spending. A simple spreadsheet template or budgeting app makes it easier to log every transaction - even the small ones, which can add up quickly.

2.        Save whatever is left over. If there is spare money at the end of the month, whether it is £2 or £50, move it into a savings pot - every amount counts.

3.        Plan your meals for the week. Shopping with a clear list makes it less likely you will overspend or buy food that goes to waste.

4.        Buy second-hand. Pre-owned clothes, furniture and even cars are often in good condition at a fraction of the price of new.

5.        Turn the thermostat down by one degree. The Energy Saving Trust estimates this could save a typical home around £90 a year. The Trust recommends keeping homes between 18 and 21°C, particularly where there are older people, young children or anyone who is unwell.

6.        Review your subscriptions and memberships. Check what you are paying for each month and cancel anything you no longer use or value.

7.        Remove your cards from your phone’s digital wallet. Adding an extra step before you pay gives you a moment to think and can help curb impulse spending.

8.        Walk or cycle when you can. Leaving the car at home for short journeys cuts fuel and parking costs.

9.        Sell what you no longer need. Unwanted clothes, gadgets and furniture can bring in extra cash.

10.    Try a weekly no-spend day. With the average person spending around £48 a day on bills and everyday living costs, according to MoneySuperMarket’s Household Money Index, setting aside one day a week to avoid non-essential spending can help build better habits and leave more to put aside.

Matt added: “If money worries are starting to build, the most important thing is not to struggle alone. Speaking to a lender early, before repayments become a problem, can open up options that may not be there later. As a credit union, our role is to help people save regularly, borrow responsibly and build the confidence to manage their money well - whatever their starting point.”

As a not-for-profit, member-owned financial co-operative, Commsave exists to serve its members - not shareholders. It supports more than 43,000 members across the UK with safe savings, affordable and ethical loans, and free financial education, including workshops, webinars and the Commsave Educates app, which is packed with practical money management tips. Through its Community Fund, the credit union has also awarded more than £160,000 to charities, schools and good causes.

Find out more about Commsave: www.commsave.co.uk

Find out more about Talk Money Week: maps.org.uk/talk-money-week