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Martin Lewis urges people to check outgoing payments over common simple mistake

Martin Lewis Birmingham show reports experts
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Martin Lewis has explained how knowing the difference between outgoing payment types and when to cancel could save you money.

The money expert said Brits should check their bank accounts for payments they don't need or have forgotten about if they are looking to cut costs, reports Birmingham Live.

This could include anything and everything from unwanted television or music streaming services and unused gym memberships to old insurance policies.

Martin, 48, said on 'The Martin Lewis Money Show' recently that people are losing money by ignoring unnecessary payments and failing to audit their finances.

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