Money Essentials

Building up savings

Before we get started, please tell us how you feel about your finances?

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Time to step it up now and focus on savings. It’s a good idea to put money aside regularly if you can – for emergencies, treats, and for your financially fit future.

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Tick the steps and log your mood to move on to the next week.

  • Now’s a good time to open an easy-access savings account. You’ll be using this to start building an emergency fund for unexpected costs.

  • How much should you have in your emergency savings pot? Our guide Emergency savings gives you tips on how much you should aim to save and how to go about it.

  • Visualise your end goal. If your boiler needs replacing or your car breaks down, having an emergency reserve to draw on means you will now have peace of mind.

  • How do you feel about your finances now?

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Done
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Tick the steps and log your mood to move on to the next week.

  • Let’s warm up by setting a savings goal. Decide how much you need to save, and what your time frame is.

  • With your goal in mind, let’s see how much you can save with our Savings calculator. It tells you how long it’ll take to save a specific amount, or – if you have a date you’re saving for – it will tell you how much you need to save each week or month.

  • Check your savings on a regular basis. Seeing progress will keep you motivated to keep going.

  • How do you feel about your finances now?

    • Great
      Great
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      Good
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      Meh
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      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Make a list of any savings you may already have, and then think about when you’ll want access to the money you’re saving now.

  • There are so many savings options out there so let us help you choose the best one for you. Our Types of savings guides will show you your options, from Individual Savings Accounts (ISAs) to Premium Bonds and many more.

  • Do you have any existing savings accounts that aren’t working so well for you? Now you’ve bulked up your savings knowledge, it’s a good time to review them.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done