- Many households are facing a financial squeeze ahead of the summer holidays due to rising costs and broader economic pressures.
- Chris Henderson, save and pay director at Tesco Bank, advises adopting new financial habits now to help manage summer expenses more effectively.
- Suggestions include prioritising savings goals, potentially focusing on shorter-term objectives like holidays over less time-sensitive ones.
- Generating extra income by selling unwanted items online and setting a percentage of income for savings, bills, and non-essentials are recommended strategies.
- Further tips involve automatically transferring money to savings, undertaking spending challenges, and cancelling unused subscriptions to boost funds.
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