How to save money

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How to prepare for an interest rate rise

Interest rates can have an impact on a wide range of areas including mortgages, borrowing, pensions and savings. The Bank of England sets the bank rate (or ‘base rate’) for the UK, which is currently 0.5%. This, in turn, can influence the cost of borrowing or the rate of interest charged when financial institutions, such as banks, lend money.

Should I save or invest my money?

Wondering whether you should save or invest? The answer depends on your goals and your financial situation. This guide will help you work out how to go about building up your savings and the best way to invest money. It also covers the basics of planning out your finances for short term savings and long term investment.

Saving money for a mortgage deposit

To get a good mortgage deal with low interest rates, you often need a dauntingly big deposit. Follow our step-by-step guide on how to make saving for a house or flat manageable and turn your home-buying dream into reality.

Saving money for a holiday

Putting your holiday on a credit card can add hundreds of pounds to the cost. Save up for it, and you’ll come home relaxed, not restless with money worries. Here you can find a step-by-step guide on how you could save up for your next holiday.

Saving money for a wedding

Something borrowed, something blue is all too true if you have to fork out hundreds of pounds in interest for a wedding paid for on credit. Saving up for your wedding cuts the cost and the stress.

Saving money for Christmas

After the fun of Christmas is over, many of us are left facing a hefty bill in the New Year. It can be hard to avoid using credit to pay for the festive season but saving in the run up will help soften the blow in January.

Saving for your children

Saving for a child today is a wonderful gift for their future. Not only can they start their adult lives with some savings in hand, but getting kids involved early with saving also helps them learn important lessons about money. Here are some products that can help you start saving for children.

Getting into the savings habit

We’ve all been told it’s good to save, but what exactly are you saving for and where should you save it? We explore why it’s a good idea to save regularly from a young age, and show the saving options available to you.

What if you can’t afford to save?

Even a small amount of savings can come in handy and stop you tipping into debt if things go wrong. If you are only just making ends meet, you might think you can’t afford to save, but it’s surprising how you can find small amounts here and there and they soon add up.

How to set a savings goal

People who set a money savings goal save faster than those who don’t! So if you really want to get that deposit for a home, or save enough for a dream holiday, name your goal, work out how much you can save each month and get started. Then sit back and watch your money start to grow!

Emergency savings – how much is enough?

Everyone needs to prepare for sudden expenses – for example, a broken washing machine or boiler – but there’s such a thing as too much emergency cash. It’s best to split your savings, keep some to hand for emergencies and put the rest where it can work harder for you.

Find an adviser

If you decide you want financial advice, you can begin your search for the most appropriate regulated financial adviser for you by simply entering your postcode below:
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