A 100% unfiltered blog straight outta
NewsroomProduct StudioInside CurveCompiled
Newsroom

Are you ghosting your money without realising?

11 Feb 2022
6 min read

Ever been ghosted? If you’re not familiar (or you’re lucky enough to be born pre-1980), ghosting is the dating phenomenon where someone disappears without explanation, leaving you to pick up the pieces. Basically, being neglected feels s***.

And it’s no different for your finances. If you’re not giving your money the love and attention it deserves, it’s time to change that. And what better excuse to patch things up than Valentine’s Day?

#1 Keep your eyes on the prize

We’ve all been there, when you go to check your account pre-payday, clock the measly £1.70 and assume you’ve been robbed. But keeping an eye on your bank statement could actually save you money.

It’s also an easy way to see where you might be overspending. Those takeaway coffees and Uber trips can really add up, and seeing it written down might be enough to change your mind about that next flat white ☕ You can track the balances of all of your accounts at once on Curve - just add your cards and spend as normal.

#2 Waste not want not

How often do you find yourself throwing out food that you haven’t got round to eating? Bread is the most commonly wasted food, with 240 million slices chucked out each year. Get it in the freezer before it goes dry, or whizz stale bread into breadcrumbs or croutons.

Any fruit that’s about to go off can be frozen. Then just throw it into a smoothie or defrost and add it to cakes or pancakes. Apples, bananas and berries are great for this.

And you can wave goodbye to sell-by dates too. In an udderly ground-breaking move, Morrisons is removing expiry dates from its milk bottles, encouraging you to ‘sniff and see’ before taking a swig. Hey, if it worked for our grandparents 🤷‍♀️

#3 Stop putting off your savings plan

Procrastination is the thief of time. And money. A massive 40% of people between 22 - 29 years old have no savings at all. Sound familiar? You can change that, starting now.

If you’re always waiting til the end of the month to put some money aside, it’s likely there’ll be nothing left to save. So next time payday rolls around, work out how much you can afford to save and move it into a separate account there and then. And leave it there (we mean it - hands off). 

#4 Think like an investor

If your money’s in a savings account, you might not be getting the best returns. Some easy access savings accounts will pay you as little as 0.01% in interest. So with the inflation rate at 3.1%, your savings are probably losing value 😰

If you have some cash to play with, you could invest* instead. This might work as a long-term strategy to grow your money as the stock market tends to outperform cash in the long run. Just remember to have an emergency fund somewhere safe. You never know when you might need to access it in a hurry, so investing this is a bad idea.

*The value of your money can go down as well as up when you invest. If you’re not sure whether investing is the right choice for you, speak to a financial advisor.

#5 Make every day account 🤓

There are a few things everyone should know. How to boil an egg (vegans, you’re off the hook), how to change a lightbulb, and what your tax code is.

Your tax code is what your employer uses to work out how much income tax to take out of your paycheck. You’ll find it on your payslip, and believe us when we say it has a pretty big impact on your take-home pay. Find out what your tax code means and how to check you’re on the right one.

If you’ve been given the wrong code, let HMRC know - you’ll get a refund if you’ve overpaid. That’s basically free money, kinda 😍

#6 Know your worth 💁‍♀️

They say if you don’t ask, you don’t get. And that’s particularly true when it comes to pay rises. If you think you deserve more than what you’re getting paid, don’t be shy about asking for a lil’ extra.

With pay rises failing to keep up with the cost of living, it might be time to take matters into your own hands. But do your research first. What do other people in your role in the same industry get paid? Can you list the times when you over delivered or exceeded people’s expectations? When did you last get promoted? If it was recently, you might want to wait a while. 

Hit them with a solid business case as to why you’re worthy of more cash and they’ll have a hard time turning you down 💪

#7 Do you really need another pair of shoes?

Impulse buying is one of the worst things you can put your money through. Really. 

Next time you go to buy something non-essential, ask yourself if you really need it. Think about the time it would take you to earn the money to buy it. What are the chances you’ll buy it only to return it the next week? Or worse, leave it abandoned in a corner collecting dust?

Everyone deserves a treat now and then, so make some space in your budget for those things you just can’t live without. That monthly massage or favourite gig. But stay within the lines of what you’ve allocated.

#8 What’s your game plan?

If your mum used to tell you that failing to plan = planning to fail, then we’re sorry to say she’s right. 

Start by deciding what your goals are. Maybe you’re planning a big wedding or an early retirement. Whatever your goal, if you know the deadline and how much money you’ll need, you can work backwards and save accordingly.

It’s easy to fall into the trap of living day-to-day. Living in the moment can be fun, but sadly your money doesn’t agree. The small sacrifices you make today could have a big impact on future you.

Legal bits:

This information is intended solely to provide general guidance and is not financial, legal, tax, investment or other advice. Nothing contained on our site constitutes a recommendation or endorsement. Curve UK Limited and Curve Credit Limited (or their affiliates) are not liable for any loss arising from your use or reliance on this information. If you’re in any doubt, you should obtain independent financial advice by finding a qualified, independent and regulated financial adviser in your area.

Curve Cash Introductory Offer terms apply, see FAQs and Terms of Service at www.curve.com.

Recommended


Inside Curve

Curve Q&A: Laurence Cox, Key Vendor Manager

Inside Curve

Curve Q&A: Eleanor Demuth, Risk Director (Credit)

Newsroom

Easy ways to save on every holiday this year

Inside Curve

Curve Q&A: Freya Kerslake, Fraud Operations Associate


Curve UK Ltd, registered in England and Wales, #09523903

Copyright - 2021 © Curve UK Limited. 

The Curve Card, the Samsung Pay+ and the E-money related to these cards is issued in the UK by Curve UK Limited, authorised and regulated by the Financial Conduct Authority to issue electronic money (firm reference number 900926). Curve UK Limited is registered in England and Wales, United Kingdom (company reference number: 09523903) and located at 15-19 Bloomsbury Way, Holborn, London, United Kingdom, WC1A 2TH. 

Curve Flex is provided in the UK by Curve Credit Limited. Curve UK Limited is an introducer appointed representative of Curve Credit Limited, which is authorised and regulated by the Financial Conduct Authority (firm reference number 925447). Curve Credit Limited is registered in England and Wales, United Kingdom (company reference number: 12464458) and located at 15-19 Bloomsbury Way, Holborn, London, United Kingdom, WC1A 2TH.

The Curve Card and the e-money related to cards issued in the EEA is issued by Curve Europe UAB, authorised in Lithuania by the Bank of Lithuania (electronic money institution license No. 73 issued on 22 of October, 2020). The Curve Card and Samsung Pay+ are issued pursuant to license by Mastercard International Inc. Mastercard® is a registered trademark of Mastercard International Incorporated. Curve Europe UAB is registered in Lithuania (company reference number: 305626541) and located at Jogailos g. 9, LT-01116 Vilnius.

Third Party Providers (TPPs) can now connect to Curve’s dedicated API interface for providing aggregation and other services to customers. You can find the access details for using the testing facility (sandbox) in the documentation. Get started with TPP onboarding.