If you pay your bills by direct debit, this tip from Martin Lewis could help you save hundreds of pounds.
Direct debit can be a blessing when it comes to making sure payments are processed without you needing to remember - but sometimes, direct debits can become a little too forgettable.
Money Saving Expert Martin Lewis is all too familiar with this occurrence, and has issued some handy advice to make sure you're not losing out on hundreds because of forgotten direct debits, reports the Manchester Evening News .
Speaking on This Morning, Martin explained: "If you bank online, go online look at your direct debits and standing orders and check the things that you're paying in case they're finished or you don't want them any more.
"I'll give you an example which I think sells this very well.
"Becky got in touch with us after I suggested this previously and said 'I moved two years ago, but have just found I was paying a direct debit to my old gym - which is £330 a year.
"And one to my old local wildlife centre - £43 a year. Both are now too far away to visit, and I cancelled a £10 a month phone insurance as my phone is now so old insurance is pointless, and it wouldn't pay it any more."
Martin continued: "Those are the types of things you're looking for. It is worth an annual audit of that to go and scope through, see what you find and go 'what am I doing paying for that?!'"
If you need any further help or advice when it comes to keeping your direct debit in check, contact your bank.
