Be Your Own Lender! Be Smart and Take Advantage of Yourself

CLEVR Team
3 days ago
3 min read

We’ve all been there: you see something you really want—perhaps a new sofa, a holiday, or a high-end gadget—but the price tag feels just out of reach. Usually, the first thought is to put it on a credit card or take out a high-interest loan. But what if you could "lend" that money to yourself instead, with absolutely zero interest?

Build yourself your own little bank. Instead of paying a bank for the privilege of borrowing, you can build your own "lending pot" and stay in the driving seat.

The "Self-Lend" Advantage

Think of saving NOT as a chore, but as a loan you are providing to your future self. When you "lend to yourself" through a CLEVR Money account, you get benefits that no traditional lender can offer:

Zero Interest: You aren't paying a penny in interest or fees to access your own money. Every pound you put in is a pound you can spend.
Total Flexibility: Life happens. Unlike a fixed loan agreement, you have access to your funds in and out all the time. If an unexpected bill crops up or your car needs a quick repair, you can dip into your pot without "breaking" a contract.
No Pressure: There are no "late fees" or "missed payment" marks on your credit score if you need to adjust your plan.

Set It and Forget It: Automated Lending

The hardest part of lending to yourself is remembering to do it. The most successful "self-lenders" use automation to make it effortless.

By setting up a Payroll Deduction or a simple Standing Order, you ensure that your "loan repayment" happens the moment you get paid. By moving the money before you even see it in your current account, you remove the temptation to spend it on daily bits and bobs.

It’s a peaceful, stress-free way to watch your goal get closer every single month.

What Could Your Pot Look Like?

You might be surprised at how quickly "lending" small amounts to yourself can result in a significant lump sum. Whether you're saving for something big in six months or planning a year ahead, the numbers speak for themselves:

Monthly "Loan Repayment"	Total Pot in 6 Months	Total Pot in 1 Year
£20 (Small change)	£120	£240
£50 (A weekly treat)	£300	£600
£100 (A serious investment)	£600	£1,200

Imagine reaching your goal and buying that "expensive" item outright, knowing you don't owe anyone a penny. That is the power of being your own lender.

Join Your Local Community

From the heart of Blackpool to the southern reaches of Chorley and Southport and up to Lancaster, we are here to help you build financial peace. By choosing to "lend to yourself" with CLEVR Money, you aren't just buying a product—you're investing in your own future stability.

Let' Create a Self Lending Plan:

To build a plan that fits your budget and your timeline, tell yourself a little bit about what you’re aiming for:

What is your goal? (e.g., a new sofa, a holiday, a high-spec laptop)
How much do you need to reach it? (The total cost)
When would you like to have the money ready? (e.g., in 6 months, by next December, etc.)

What was that? Oooh, £1000 HOLIDAY

That is a fantastic goal. A £1,000 holiday fund can cover a great family getaway or a luxury break for two. By "lending" this money to yourself through CLEVR Money, you avoid the stress of holiday debt and high-interest credit card bills when you return.

Here is how your Zero-Interest Holiday Plan looks depending on how quickly you want to jet off:

The £1,000 Holiday "Self-Loan" Plan

Timeline	Monthly "Repayment" to Yourself	Total After the Period
The Fast Track (6 Months)	£166.67	£1,000
The Steady Builder (10 Months)	£100.00	£1,000
The Easy Pace (12 Months)	£83.34	£1,000

Why this works for your peace of mind:

You're in Control: If you find a "last-minute deal" earlier than expected, your money isn't locked away. Because you have access to your funds in and out all the time, you can grab that bargain the moment it appears.
Automatic Peace: By setting up a payroll deduction or standing order, the money moves from your salary into your holiday pot automatically. It’s "out of sight, out of mind" until you’re ready to book.
Zero Interest, Zero Stress: Instead of paying a bank interest for a holiday loan, you keep every penny of that £1,000 for your spending money, excursions, or a few extra ice creams on the beach.