Wednesday, 18 June 2025

How To Watch Your Bank Balance Grow

According to a recent study, “62% of UK adults have financial worries.”

This is not all that surprising, especially due to the rising cost of living. As such, if you feel as though you’re constantly worrying about money, or checking your bank balance only to be shocked by what you find, you are far from being alone.


Photo by micheile henderson on Unsplash

Fortunately, there are many ways in which you can start watching your balance grow. Read on to find out more.

Cancel unused subscriptions. 

If there’s one thing you can do right away to start saving money, it's getting round to cancelling subscriptions that you no longer need or use. Otherwise, you’re allowing these companies to drain your bank account without getting anything in return.

Diversify your income streams. 

Diversifying your income streams will help increase the amount of money you have coming into your account each month, reducing any stress or anxiety you are currently facing.

Furthemore, there are many ways to earn money without having to get up from the sofa, such as completing online surveys or writing your own blog on a topic that interests you. If you’re willing to put the effort in, however, this could be your chance to start your own business.

Make sure you’re not owed any money. 

There are a wide variety of occasions where you may be owed money without even realising it. For example, an alarming number of consumers were overcharged when taking out car financing between 2007 and 2021. If you fall into this category, then you could be owed a considerable amount of compensation, meaning you should look into Motonovo car finance claims right away.

Push for that pay raise. 

Here’s something you already know, but may not acknowledge: you deserve to be paid fairly for everything you bring into the workplace. As such, you should make sure that you push for a raise, especially if you’ve been getting good feedback from your employers recently. When asking for a pay increase, make sure you come prepared and have plenty of evidence to support your request. This could include client feedback or performance data.

Use budgeting apps and tools.

Living beyond your means will always put you in a difficult situation financially, as it often means you’ll struggle to scrape by each month. However, you can turn things around and get your bank balance back where it needs to be by using budgeting apps and tools. This is because in doing so, you’re making it much easier to stick to the budget you’ve set for yourself, as opposed to spending your money blindly and hoping for the best.

Getting better at budgeting will also allow you to add more money than you could ever imagine to your savings account, ensurnig that you have access to a rainy day fund when times get hard.

Final thoughts. In short, there are many steps that you can take to ensure that your bank balance grows, putting your mind at ease in an otherwise worrying time.

K Elizabeth xoxox

*Collaborative Post
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