Happy January! A great time to reset and many would have put together a list of resolutions to ‘make a better version of ourselves’ for the new year.
Yet, by now (week 3 in January), some of these resolutions may have started breaking due to one reason or another. Therefore, we’ve put this edition together to help you get back on track with your goals that you had set at the start of the year.
A common goal which we noticed that people tend to make at the start of the year is ‘getting into the habit of saving’. Therefore, we give you some tips on how to get into the habit of saving plus the 1p challenge to help you get started in achieving your savings goal.
We also share some interesting historical facts about Richmond Park as well as how you can find out what household appliance is contributing towards your energy bills.
Some exciting news – our back-office service provider, Credit Union Solutions, has launched a Lottery where all our members above 18 years old can win cash prizes. More details are below.
For 2023, think of GOALS rather than RESOLUTIONS. You will be surprised how a simple mind shift change can make a huge difference to the outcomes.
We wish you all the best for the new year.
With kind regards,
Thamesbank editorial team
How can I get into the habit of saving money?
Saving money can be a challenging habit to develop, but it’s an important one that can help you achieve your financial goals and provide financial stability. Therefore, we have put together some tips on how you can get into the habit of saving money.
The 1p savings challenge
If getting into the habit of saving is one of your 2023 resolutions, then why not join the 1p challenge?
In order to take part in the challenge, you have to put an extra penny away every single day, over time it will grow into pounds which will eventually accumulate into hundreds that you can take with you into 2024.
For example, if you start by saving 1p on 01 January (Day 1), then 2p on 02 January (Day 2), then 3p on 03 January (Day 3) a day – right the way up to £3.65 by the end of December, 2023.
If you’ve already started this challenge, well done! If not, you can catch up. Simply start today. Add the amount you would have saved from 01 January to 19 January which equals £2.05.
Then from 20 January (Day 20) put in 0.20; Day 21 put in 0.21; Day 22 put in 0.22 and so on.
If you have followed the plan throughout the 12 months, you should have saved £667.95 to start off the New Year.
Get all the details from Thamesbank’s website.
As a member of Thamesbank Credit Union, you have the chance to enter the lottery, run by our back-office provider, Credit Union Solutions (CUS).
Each entry is £1, and each member can have up to 10 chances per month.
The lottery draw will take place on the last Friday of each month. The winners will be announced on the CUS Lottery page at the end of each month. Our first prize draw will take place at the end of February.
Please note that if there are insufficient funds in your account then your numbers will be ineligible for the draw.
Lottery funds which are not given out in prizes will be used for the promotion and development of the credit union and for the benefit of its members.
To enter, complete the lottery application form on this page.
For all the details, visit CUS’s website.
How much do your household appliances cost to run?
As energy costs consistently on the rise, you might be wondering what appliances in your home are contributing the most to your monthly bills.
Which? collected energy use data for the most common household appliances, including fridge freezers, ovens and laundry appliances to find out how much it cost to run each of them.
You can find out all the details on the Which’s website plus links to their running costs tool so that you can find out how much energy your specific model is using.
A history of Richmond Park
“A nature reserve, Richmond Park, is of importance for wildlife conservation, and is a Site of Special Scientific Interest and a Special area of Conservation. It is Grade 1 listed on the Historic England’s Register of Historic Parks and Gardens. Historically ‘the preserve of the monarch’, the park is open to all for use, and includes sports facilities, and the Isabella Plantation, a 40-acre woodland garden. Its landscapes have inspired famous artists and it has been a location for films and TV series.”
You can read the full article on Thamesbank’s website.
Start saving for this Christmas today
Starting to save for Christmas early can be a great way to help ensure that you have enough money to cover your holiday expenses and reduce financial stress.
With our Christmas Saving Account, you can save from January to December and get your funds automatically paid into your nominated at the end of November, in time for Christmas.
To set up your savings account, contact us via email on email@example.com.
Words of wisdom
“Be patient and persistent. Achieving your goals takes time, and you may encounter setbacks along the way. Don’t let these setbacks discourage you – stay focused on your long-term vision and keep working towards your goals.”