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Researchers at Haypp have created a useful savings calculator that allows you to enter your spending on a variety of everyday habits and small indulgences and calculate how much you could save by cutting back to help you save for your next big purchase.
Whether it’s a new car or a family holiday, the savings calculator makes reaching your savings goals simple and clear.
The calculator features some smaller everyday costs, such as a takeaway coffee, as well as bigger everyday purchases like a packet of cigarettes which now costs an average of £14.51. The price of cigarettes in the UK is the second highest of all European countries, and the prices keep rising - meaning it costs you thousands of pounds per year if you smoke 20 cigarettes a day (the UK average). Cutting down on these costs, where you can, or switching to cheaper alternatives can help your wallet in the midst of rising prices.