How much can you save?

Their are many savings and investing options available. So, try to save regularly and if you can, some investing.This will help you:

• Manage your money
• Cope with unexpected expenses and emergencies
• Afford things you need in the future
• Borrow less
• Ease financial stress

How much can you afford?

Before you start to save, you need to decide how much you can afford to put aside and for how long. Look at your earnings, what you spend each month and what you owe on any loans.

Use our budget planner to help you see how much is left over to save or invest. You can then set about drawing up your savings plan. To do this, you need to:

• decide your savings goals
• think about your attitude to risk
• consider what product suits you best

Mixing savings and investments

Most people have a mix of short, medium and long-term goals when it comes to saving. So it makes sense to spread your cash and put some money in savings accounts, where you can access it immediately to meet short-term needs, and some in longer-term investments, where it can potentially earn more.

You may want to clear your loans before you start saving.  This will often give you a better return because paying off extra on your loan means you get charged less interest and helps you to clear your debts faster.

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