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Burns Night on a Budget

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Burns Night is a celebration of the Scottish poet Robert Burns. It is a tradition in Scotland on the 25th of January each year to attend or host a ‘Burns Supper’. The supper usually consists of haggis, neeps (swedes) and tatties (potatoes) which is accompanied by whisky; and there are toasts and poems to be read out across the course of the evening. Don’t worry if you’re not Scottish, hosting a Burns Supper is a great idea if you are looking to stay in more this January but still have fun, and it is easy to do it on a budget if you follow our simple tips.

  1. Buy several smaller haggises– if you are having a few people round to celebrate then a good idea is to buy several smaller haggises from a supermarket rather than a large one from a specialty butchers.

   2.  Cheaper vegetables– Don’t get fooled by the ready chopped and prepared vegetable sets, instead go to Lidl or a local green grocer to get loose vegetables, try to work out how much you will need per person so you don’t over-buy by too much. Don’t forget ‘neeps’ and ‘tatties’.
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3. Hot toddy– It is traditional to serve whisky but you can make a cheaper twist on this by making pitchers of hot toddy with a cheaper whisky, all you need to add is honey, lemon and water. Here is a simple recipe.

4. Free entertainment– the timetable for the evening and the poems and toasts you need to read out are all available for free online, why not just bring them up on your tablet computer to pass around? You can also access lots of free traditional Scottish music on YouTube or on a music streaming service like Spotify if you already subscribe.

  5. Dessert– A money saving idea is to ask your guests to bring along a dessert each and lay them out at the end so that everyone can help themselves to a bit of what they like; you can also ask any guests who are particular about their whisky to bring along their favourite one to share.

The top 5 money saving gurus for millennials

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You know the feeling, pay day is coming up and you realise that you are down to your last few pennies again; you said this month would be different but you couldn’t help getting those concert tickets, and you just had to celebrate your bestie’s birthday!
What you want to do is make little savings everyday so that at the end of the month you have a nice little stash to either save or spend, but how to go about it?
We don’t just want advice, we want tried and tested methods, and that’s why we have put together a round-up of the best money saving millennial gurus, so you don’t just have to take our word for it!

Holly Smith aka Holly Vlogs

Over the last 4 years Holly has built quite a following on her YouTube channel for being a coupon queen and prides herself on searching out all the best money saving deals, hints and tips so that her followers don’t have to. Her videos take you through what deals are available, where to go for the best ones and even what to say and do at the check-out if your valid coupon isn’t being accepted.

Jenni Hill aka Can’t Swing a Cat

Jenni is a millennial financial blogger who won’t tell you all the things you can’t do to save money. She prides herself on money saving tips while still making sure you can enjoy your day to day life and not deny yourself enjoyment. The main thrust of her blog is trying to save for a house deposit in youer twenties, so check out her advice on what pitfalls to avoid about her journey so far.

Charlotte Burns aka Lotty Earns

Charlotte or ‘Lotty’ as she is known on her site, experienced the millennial struggle of graduating slap bang in the middle of the recession and finding out that a university degree wasn’t the ticket to long term employment it had once been. After falling on hard times she got obsessed with searching out on and offline deals for getting discounts and saving money and she has compiled it all on her website so that you can log on and see the deals she has already hunted down. With tips for travel, going out, restaurants and debt advice, there is something for all parts of millennial life!

Maggie aka The Millennial Menu

By now we have all heard the one about ‘millennials spend all their money on sandwiches and avocados’ but as eating is something we do all the time, it is definitely a place to look and see if you can save a few pennies. But we’re not suggesting you have baked beans and plain pasta for every meal, Maggie from the blog ‘The Millennial Menu’ focuses on simple affordable recipes that you can whip up quickly. She even has hints and tips to make your money go further and which kitchen items are the best value.

Emma Drew

Emma is a money saving blogger with a twist; she also gives out advice on how you can also make money from blogging! She is the queen of online money making, so her blog is packed with tips about apps that earn you extra cash, guides to selling adverts on your website as well as advice on money saving and budgeting. She has grown her blog into a full time job, so the proof of her methods are there. Read Emma’s blog if you aren’t just interested in saving money, but also making some extra money on top of your current earnings.

Remember Paym is the simple way to send money to your friends and family using just their mobile number; find it in your banking app. www.paym.co.uk

5 Money Saving Tips for 2018

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Christmas is over for another year, time to clear up the wrapping paper, finish the last of the turkey leftovers and pack away those socks you’re sure your brother re-gifted to you from last year! One problem, January is a looooong month and you’ve got to make your money go further because you can’t turn down every party invite to stay in watching Netflix.

But don’t panic, if one of your new year’s resolutions is to become more money savvy and to start saving on the side then these five tips are for you:

Budget Planner App

This one might be an oldie but it’s still a goodie, working out a budget is the best way to keep track of all of your incomings and outgoings. See where your money is going each month and actively decide which spending you may be able to cut down or avoid at all, for example that second Starbucks Latte today. And the best thing about it is; No bad surprises at the end of the month.

The most popular apps to check out: Fudget: budget planner, Money Monitor and Goodbudget Budget Planner.

Cashback

Getting money back when you spend? Count us in!

If you didn’t know about this, allow us to let you into a secret: You can get cashback on almost anything now! This means you can literally get money back when you are purchasing items you would be buying online anyway, just by simply making an extra click through one of the many cashback websites.

Don’t make purchases without checking cashback options. Websites such as www.topcashback.co.uk or www.quidco.com will guide you on how to get some money back with your purchases. Cha-ching!

 

Get rid of your debts

Saving money is good, but being debt-free is even better. Credit cards can be a blessing and a curse at the same time. Unfortunately, if they are used without proper thought and planning you can end up racking up the interest and this can result in high repayments, and you do not want that. This can be a vicious cycle that is hard to get out of and might follow you for a while, and who likes a stalker.

Make sure you clear as many of your debts as you can, before you start saving. This may just be money that you owe to friends and family. They might not charge you interest, however, it can still cause unnecessary stress. The easiest way is to pay them back is using Paym. Quick, easy and debt-free.

Start saving

Debt free? Now you can start putting some money aside each month with much more ease.

In an ideal world, it is recommended to save one-third of your income (yeah, right!); we know that isn’t always possible, but every little bit counts. Check the bank accounts that will reward your money the most and start saving. Use it as a savings account only.

Money-Mantra

Yes, that’s a thing! Before buying anything, you should ask yourself these questions:

Do I need it? If you already have a similar pair of ASOS boots, the answer is most probably no. And if the answer is ‘no’, you know what to do (or not to do).
Can I afford it? If that is also a ‘no, don’t even dare thinking about purchasing
Can I get it cheaper anywhere else? If you have answered both of the questions above with a ‘yes’, check online if you can find a more reasonable price. (and don’t forget cashback!)

 

8 Food Delivery Apps to help you Hibernate through the Winter

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It’s cold outside and you’ve got several hungry friends turning up in 30 minutes… draw up that duvet and relax. Our recommended food delivery apps will help you get through these cold winter months AND win brownie points with your mates.

Just Eat (UK wide)

Not for the indecisive, Just Eat is the ‘UK’s leader in food delivery with over 20000+ restaurant menus…’

 

Quiqup (London/Manchester)

Feeling especially lazy? Quiqup claims to ‘pickup and drop whatever you need, on-demand’. As long as it’s in London or Manchester.

 

Deliveroo (UK wide)

Serving customers across the world, Deliveroo allows you to eat top quality food from the best restaurants in the comfort of your own home.

 

Hungryhouse (UK wide)

Just Eat’s nemesis, the hungryhouse app allows you to order food for takeaway or delivery from more than 10,000 restaurants, all over the UK.

 

UberEATS (UK wide)

UberEats delivers restaurant quality food locally across the UK until midnight, seven days a week. There’s no minimum order – good for those of you who just fancy a nibble.

 

Amazon Restaurants (London)

New kid on the block, Amazon Restaurants was set up in 2016 to deliver super-fast food, specifically for Amazon Prime members.

 

FEAST (London)

London’s late night food delivery service, FEAST, promises to deliver food from the best 24 hour restaurants through the night.

 

Henchman (London)

If you’re looking for something a little more exclusive, Henchman is London’s luxury concierge app. No riff raff please! The service is available to invited members only.

 

DON’T’ FORGET! If you’re not eating alone, make sure you’ve registered your mobile number with your bank and/or building society to enable fellow hibernators to pay for their share via Paym.

 

 

7 Money Saving Tips for Christmas Shopping

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It’s the most wonderful time of the year full of fun, festivities and of course Bublè!

But let’s be honest, while it might look perfect in all those festive films, Christmas can actually be a massive stress and put a serious dent in your bank account. If you haven’t started your Christmas shopping yet (and let’s face it who has? It’s not even December yet), you’re probably still trying to figure out how you can make sure those last few pay cheques cover everything.

Well, do not fear, we’ve put together seven money saving tips for your Christmas shopping that will leave you feeling flush this festive season. After all, you need to make sure you’ve got some money left for the New Year’s celebrations!

1. Make a list (and check it twice)

Lists just make everything better, especially when it comes to shopping, and apps such as “Manage Christmas – Christmas Gift List Manager” can be a Godsend.

The app helps you to create lists for your Christmas shopping by adding all the things you are planning to buy for everyone, adding a budget and ticking off the items as you go, as well keeping track of the all-important money. No more getting overwhelmed and panic buying presents you don’t need.

2. Partner up!

Maybe your mum really liked that handbag she (not so subtly) pointed out while you were shopping the other day, but it’s a teeny bit outside of your budget. Well, don’t just settle for something second best, why not partner up with someone in the family, and split the cost? That way you can put a smile on mum’s face on Christmas morning, and you won’t be completely out of pocket. And to make sure they pay you back straight away let them know about Paym, so there are no awkward conversations around the Christmas dinner table. Further details on Paym can be found here: www.paym.co.uk/

3. DIY

You might be a bit past the age of giving your parents a painting (complete with some dried pasta detailing) to proudly stick to their fridge for Christmas. However, there are some handmade gifts that can be really thoughtful and personable, and also save you money. So dig out the glue gun and scissors and check out some of the best inspirations on Pinterest.  www.pinterest.co.uk/explore/diy-christmas-gifts/?lp=true

4. Black Friday

Black Friday is seen as the official beginning of the Christmas shopping season. But more importantly, it can help you save shed loads of money. Black Friday is on the 24th of November this year, giving you plenty of time to get your gifts before the big day. Understandably, you won’t be the only one venturing to the shops on the day, so it might get quite cosy in the shops with large crowds trying to grab the best offers, so get your elbows at the ready! But for those of you who never go shopping in real life anymore, there are 100s and 100s of deals to be found online. So get your laptop ready, grab a cuppa, get comfy and snap up some absolute steals from the comfort of your own home. You can even make a watch list on sites like Amazon beforehand on www.amazon.com/Black-Friday/, for items you know you want to try and grab.

5. Voucher Codes

There are always secret voucher codes waiting to be found that could save you 5% – 20% off your online purchases, you just need to know where to look. So do your research before ordering online and look at what’s available (we know this isn’t the most exciting task but think about the savings!). Or you can subscribe to voucher code sites, such as www.vouchercodes.co.uk and www.hotukdeals.com/vouchers, and receive regular updates with all of the latest deals.

6. Secret Santa

Save money and have fun at the same time by getting your friends together to do Secret Santa. Set a budget and buy one present for the person you picked out of the hat, and make a pact to not go over the limit. This way, instead of buying a present for everyone in your group you only have to buy one, and the element of mystery adds to the fun. Plus you’ll look super organised for sorting it out. If you can’t all get together in real life for the big name draw you can use websites such as this one to do it virtually www.drawnames.co.uk/secret-santa-generator

7. Give Charity Gifts

As hard as try you can never be 100% sure that you will hit the nail on the head with the gifts you have chosen, so instead of wasting your money why not play it safe AND do some good! Consider charity gifts. Take the amount that you would have spent on a physical present and donate to a charity, in the name of your friend/family member. Pay it forward this festive season. Choose your charity here: https://www.presentaid.org/

Stag and hen party organisers face financial hangover long after the party’s ended

By | Press releases

New research from Paym, the UK’s mobile payments service, has found that one third (33%) of stag and hen do organisers were not paid on time by party participants attending pre-wedding celebrations, with the average amount owed at almost £250.

Long gone are the days when stag and hen parties involved a night at the local pub with a bag of chips for dinner. Nowadays stag and hen dos can take a whole weekend to celebrate. In the past year, almost 1 in 5 (18%) people partied in Europe. For the rest, London was the most popular single UK destination for both stags (11%) and hens (5%).

As destinations have become more ambitious, the stag and hen do shopping list has become longer including items such as travel, accommodation, day and night activities, and last but not least, themed outfits. It comes as no surprise in that case that the average cost of a stag do per person is £140 with the average cost for a hen party coming in slightly more at £146… a lot of money if you’re having to pursue multiple partygoers for payment!

Average cost of a stag and hen do per person, by region:

  1. East and West Midlands – £151
  2. North West of England – £150
  3. South East and East of England – £149
  4. Greater London / North East of England / Scotland – £141
  5. Wales and West of England – £127

Chasing stag and hen party members for money is often a thankless task, especially once the fun’s over, but according to Paym’s survey, this may all depend on where you live. Guests from Scotland were least likely to pay on time for activity costs, whilst those from Greater London took the top spot for reliability when paying on time.

Who performs best for paying on time for stag and hen parties:

  1. Greater London – 78%
  2. North East of England / Yorkshire / Humberside – 73%
  3. North West of England / South East and East of England – 68%
  4. East and West Midlands – 51%
  5. Wales and West of England – 50%
  6. Scotland – 44%

It’s no coincidence therefore that stag and hen party revellers from Greater London were also found to have the greatest awareness of Paym (36%), the simple and secure way of making or receiving a payment using just a mobile number. Paym is already included in fifteen banks and building societies’ apps, so there’s nothing new to download to be able to use a phone number to pay straight from one bank account to another, and there’s no need for any sort codes or account numbers.

So one more important addition to the organiser’s ‘pre-do’ checklist is to make sure you’ve registered your mobile number with your bank to enable party participants to pay via Paym. You never know, next time you might just receive 100% of payments on time. To register now, go to: Paym.co.uk.

Craig Tillotson, Executive Chairman of Paym, said:

“Hen and stag parties have become a firm fixture of pre-wedding celebrations, and the pressure is on for organisers to please brides and grooms-to-be. Costs can mount, especially for those arranging travel and activities. But with mobile banking more popular than ever, there’s little reason why organisers should have to chase for payment from stag and hen party participants.

Paym enables more than 20 million customers of fifteen banks and building societies who use mobile banking to securely and quickly pay back friends, families and small businesses using just their mobile number.”

 

As a subtle reminder to stag and hen do revellers, Paym has launched a video showing how it can make or break a late payer’s pre-wedding celebration experience. An infographic illustrating the findings in this press release, is here.

For further information please contact:
Paym Press Office – 020 3217 8624, press@paym.org.uk / @Paymnow

Notes to Editors

2,600 adults aged 16+ were interviewed from 27 June to 6 July 2017 via Online Business Survey, undertaken by TNS, for this story.

Three’s a crowd: Brits don’t care for sharing when living with a couple

By | Press releases
  • Nine in 10 (87%) flatmates find living with a couple creates negative feelings when it comes to money

New research from Paym, the UK’s mobile payments service, has found almost nine in 10 (87%) flatmates believe living with a couple creates negative feelings, particularly when it comes to finances. And over a quarter (27%) state having to discuss finances with a couple is more awkward than in a more traditional flatshare.

While couples may be adopting a ‘what’s mine is yours’ approach, other not so loved-up housemates can end up feeling out of pocket with over a third (38%) saying that living with a couple makes dividing bills more complicated.

The research undertaken in partnership with Next Big Thing also reveals it’s not just renting couples who bear the brunt of disgruntled flatmates; “unofficial flatmates” such as partners and friends can also create discord and upset. One in five (18%) say they get annoyed by friends or partners who love to make themselves at home, but don’t contribute to the bills they have helped build. While one in 10 (11%) are bothered by flatmates who are at home during the day but don’t contribute more to utilities.

 

Bug bears of flatmate finances

Friends or partners who stay in the house but don’t contribute 18%
Having to pay for something you don’t use (e.g.TV sports package) 15%
People who never chip in for one-off payments (e.g. buying food for shared Sunday lunch ) 12%
Flatmates who stay at home during the day but don’t contribute more to utilities than others 11%

 

With over half of Brits (53%) using their mobiles to discuss finances with their flatmates, technology can also be used to help the payback process, ensuring the financial burden is balanced across singles, couples and guests – with minimal fuss and chasing. Paym allows you to pay back flatmates, friends and family at least £250 a day via your banking app using just their mobile number.

 

Craig Tillotson, Executive Chairman of Paym, said:

“Relationships between flatmates can be tricky but there is no need to let everyday finances be a reason to fall out. Our research shows 57% of Brits still use cash to pay back outstanding money, but as the UK increasingly becomes a more cashless and mobile nation, it’s time for flatmates to adopt more convenient payment methods.

“By using mobile numbers, which many of us know already or have in our contact list, Paym allows you to immediately pay back and be paid back the exact amount, without having to resort to running tabs, IOUs or arguments.”

 

To stop your flatshare turning frosty, Paym has put together some top tips on how to avoid financial fall outs:

Group chats – With over a quarter (26%) of flatmates finding the awkwardness of asking to be paid back for bills their biggest issue, group chats using mobile messenger services can be an easy way to broach the conversation without confronting or targeting one particular person.

Use Paym – As many flatmates are busy professionals, easy ways to quickly sort finances and admin can be a lifesaver. Paym allows you to instantly pay whoever you want, the exact amount you owe, using just their mobile number (which you’re almost certain to already have) meaning no need to swap and share lengthy sort codes and account numbers.

Create a calendar – A shared calendar to remind everyone when big bills are due means the responsibility isn’t left to one person.

Communal can be convivial – Don’t forget that sharing can be fun, why not try organising a weekly flat meal to get everyone together and enjoy the perks that come with sharing a home?

Flatmate Fallouts: The little things cause the biggest issues

By | Press releases

Over a third (36%) of PASS-ers (Professional and Still Sharing Generation) state small informal bills are the source of most conflict

As the price of housing soars and the sharing economy booms, professional flatshares are becoming the new norm for twenty and thirty somethings and have given rise to a new group of Brits: PASS-ers, Professional and Still Sharing. The sharing economy may sound harmonious, but a new report by Paym, the UK’s mobile payment service, has found one in 10 (13%) flatshares have broken up due to bickering over bills.

They say don’t sweat the small stuff, but the study found the source of most conflict in flatshares is the small, informal bills. Over a third (36%) state not being paid back for little things (such as bin bags and washing up liquid) is their biggest grievance.

Surprisingly, the research in partnership with Next Big Thing found that forgetting to pay back flatmates for more significant bills – such as rent and utilities – caused less upset with this only ranking as the third (25%) biggest issue up and down the UK.

 

Top five causes of flatmate fallouts:

 

Housemates not paying for little things (washing up liquid, bin bags) 36%
People taking food without permission 30%
Housemates not paying for the big bills 25%
The awkwardness of having to ask housemates to pay a bill 26%
Pettiness over who pays what 21%

 

These more informal and irregular costs may seem like small change but they can soon add up with over a third of house sharers (36%) losing out between £11-25 a month and almost a fifth (18%) losing over £100 or more a month.

They also come at an even higher emotional cost with a fifth (21%) of flatmates finding the “pettiness” surrounding these bills to be of the biggest bother and a fifth (20%) finding sorting finances creates tension and arguments.

Eventually, flatmates can pay even a higher price with over one in ten (13%) experiencing such tricky situations that a housemate has had to move out.

With over half of Brits (53%) using their mobiles to discuss finances with their flatmates, technology can also be used to help the payback process. Paym allows you to pay back flatmates, friends and family at least £250 a day using just their mobile number, ideal for sorting those bills both big and small.

 

Craig Tillotson, Executive Chairman of Paym, said:

“While paying for utilities and rent are the bills we rarely forget, our research shows it’s not these big bills that cause problems. Small items such as milk, bread and bin bags – that are often too insignificant to mention – are usually the cause of the greatest conflict for flatsharers in the UK, as these costs can add up surprisingly quickly”

 

“With 57% of Brits still using cash to pay back these sums, but the UK increasingly becoming a cashless and mobile nation, it’s time for flat sharers to adopt more convenient methods to pay one another back. Using just your mobile, Paym allows you to pay back and be paid back the exact amount to the penny, as soon as you need to, without having to resort to running tabs, IOU notes or arguments.”

 

To stop your flat share turning frosty, Paym has put together some top tips on how to avoid financial fall outs:

Group chats – With over a quarter (26%) of flatmates finding the awkwardness of asking housemates to be paid back for bills their biggest issue, group chats can be an easy way to broach the conversation without confronting or targeting one particular person.

Use Paym – As many flatsharers are busy professionals, easy ways to quickly sort finances and life admin can be a lifesaver. Paym allows you to instantly pay whoever you want the exact amount you owe, using just their mobile number (which you’re almost certain to already have) meaning no need to swap and share lengthy sort codes and account numbers.

Create a calendar – A shared calendar to remind everyone when big bills are due means the responsibility isn’t left to one person.

Communal can be convivial – Don’t forget that sharing can be fun, why not try organising a weekly flat meal to get everyone together and enjoy the perks that come with sharing a home.

 

What are you too scared to share? Brits would rather share their most personal secret than their sort code and account number

By | Press releases

To mark Halloween, the most frightening night of the year, Paym has delved deep into the fears of the nation to find out what people are scared to share. New research for the UK’s mobile payments service reveals sharing a sort code and account number is a scary prospect for three out of four Brits, with almost three quarters (74%) saying it makes them feel anxious.

Incredibly, it seems more people would be happy to share their most personal secret, with only half (50%) feeling anxious at the thought of revealing such intimate information. And while it may be a traditional taboo, Brits are also more relaxed about sharing their salary details – only 37% of people said they would be anxious revealing this information.

Britain’s top five secrets:

  1. Account number and sort code – 74%
  2. A personal secret – 50%
  3. Salary details – 37%
  4. Home address – 27%
  5. Secret fear – 27%

The good news for anyone who is anxious about disclosing their sort code and account number is that Paym makes it possible to send and receive payments straight to a bank account using just a mobile number.

The service has the added benefit of letting the person sending a payment verify the name of the recipient before they confirm, so they can check they have used the correct mobile number and are sending money to the right person. Paym is offered by seventeen banks and building societies, making it possible to send a payment to a mobile number from more than nine out of ten current accounts in the UK.

Unsurprisingly, people are most reluctant to share their sort code and account number with a stranger – only two per cent of people would be prepared to do so. However, the fear factor is not just limited to strangers – one in six (15%) would not share their sort code and account number with their closest friend and only 13% would share them with their closest family member.

For anyone that does not use Paym but does want to receive any other type of electronic payment, it is sometimes necessary to share a sort code and account number, as this is the information used to address the payment. But it is important to remember there is lots of financial information that you should NEVER share.

Take Five, the national anti-fraud campaign, has five top tips to stay safe from financial fraud:

  1. Never disclose security details, such as your PIN or full banking password
  2. Don’t assume an email, text or phone call is authentic
  3. Don’t be rushed – a genuine organisation won’t mind waiting
  4. Listen to your instincts – you know if something doesn’t feel right
  5. Stay in control – don’t panic and make a decision you’ll regret.

Craig Tillotson, Executive Chairman of Paym, said:

“It’s really important to think before you act if you’re asked for your personal or financial details, or to transfer money – and you should never disclose security details, such as your PIN or full banking password.

“For anyone that’s worried about sharing their sort code or account number, these days there’s no need. Paym makes it possible to get paid straight into your account using just your mobile number. No sort code, no account number, no problem – just go to your own bank and register your mobile phone number to receive payments via Paym, that way anyone who knows your mobile can pay you easily.”

 

ENDS
For further information please contact:
Paym Press Office – 020 3217 8441, press@paym.org.uk / @paymnow

 

Notes to Editors:

  1. 2,000 adults aged 18+ were surveyed from 11th to 14th October 2016 as part of an Omnibus survey conducted by Opinium for this story.

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