Don't save if you have debts!
Interest rates on savings are at an all-time low, so if you have debts, pay them down before you start saving! The interest on your debts is costing you more than your savings are earning in the bank - simple!
Of course if you have a long-term debt like a mortgage, then overpay if you can, but try to save a little as well for treats and emergencies - that's a bit more of a balancing act!
Catch up with all the Random Money-Saving Tips so far...
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