How to start saving
New home? Wedding? Rainy day? Whatever you're saving for, we can help you get into the habit of putting away a bit of extra cash each month.
Here are some simple tips to help get you started.
- First things first, deal with your debt
- Before you start to plan your saving, it's usually a good idea to review any existing debts first. Paying them off may help you save more in the long run, depending on any interest you pay on them
- Be realistic with your budget
- The best way to work out your budget is to look at your outgoings vs your incoming payments and work out how much you could realistically save each month.
Setting realistic savings goals will help you get in to the habit of saving. On average, customers save twice as much when they save towards a goal.
Whether you're saving towards a new home, maybe a wedding, or just a buffer for unexpected costs, it's great to set yourself a goal and date you'd like to hit it by.