UK Savings Week is a great time to revisit your savings strategy
Last week was UK Savings Week, a national campaign led by the Building Societies Association (BSA). The aim of UK Savings Week is to raise awareness of the benefits of saving, and to help people build better saving habits no matter how much they have in their pot.
The week was an opportunity to explore modern savings habits, and the value of prioritising financial health in a challenging economy. The cost of living has been stubbornly high for the past few years, and with the possibility of tax hikes on the horizon it is natural that many people feel that they simply can’t afford to save. In fact, according to UK Savings Week statistics, about 14 million UK adults have less than £100 in accessible savings to fall back on.
But setting aside just a few pounds per week can make a remarkable difference to your financial health.