Saving for a Rainy Day
A holiday, a new car, a rainy day. There are plenty of reasons to start saving and no doubt you know them all, but when it comes to actually putting the money aside, most people find other things to spend it on.
Here's a few tips on how to make saving easy and painless.
- Don't go with the first savings plan you see, look for one with terms and an interest rate that suits you
- Do save early. Putting your money away as soon as you get paid will ensure that your savings are never forgotten
- Do think of saving as prepaying for something, rather than putting away money you'll never use
- Do consider taking advantage of interest rate changes by paying extra into your mortgage, if possible. This will save you thousands in the long-term. Check out our mortgage overpayment calculator to see how much you could be saving
- Do start today. Stop putting it on the long finger, the sooner you start saving the better