Saving some of your income each month can help you plan for events such as birthdays or holidays. It can also help with emergencies and reduce some of the stress if you are facing a significant change in your everyday spending.
Set yourself a goal – research shows that people who set themselves a savings goal do better than those who don’t.
Work out how much you can afford to save each week or month. Our budgeting page will help you to do this.
Where to save
- Building Societies
- Credit Unions
- Post Office
If you are struggling to work out where you can find the money to start saving, this video might give you some ideas where you can save £3 a day. Saving £3 a day would leave you with more than £1,000 in savings over a year.