Save now for future festivities

With the frenzies of Black Friday and Cyber Monday out of the way for another year, many people’s bank balances may be in need of a bit of TLC. To get them back on track, why not take a look over your finances now and perhaps consider starting a new savings habit?

Rachel Springall, a finance expert at Moneyfacts.co.uk, suggests making the most of free mobile apps to help with budgeting.

While it may be too late to save for this Christmas, starting now could help next year.

Ms Springall says: “If consumers saved just £120 a month for the next year then they would have more cash saved than the average cost of this year’s Christmas spend, which American Express estimates to be £1,206 per person.”