Check those Direct debits - you might find hidden treasure! (Or a small saving)

Today I want to talk about direct debits, standing orders and subscriptions.

Have you reviewed yours recently? A good friend of mine was recently tasked with reviewing the monthly outgoing at her new place of work. She discovered that three years previously someone had on-hired a ladder but it had not been off hired and they had paid for the monthly hire of this ladder for over three years. When she tried to off-hire the ladder, it turned out their company had misplaced it so the hire company ended up charging them for a replacement ladder. This took the cost of a £50 hire to a £2,500 cost!

Top tip for 2025, review your direct debits, business and personal! You never know, you might be able to save yourself some money!

This is an opinion piece and should not be considered financial advice. For tailored guidance and support with your financial decisions, we recommend seeking assistance from a qualified professional.