Unfashionable Cash Manoeuvres

Not many young people save any money on a regular basis; in fact saving has become quite unpopular. One of the problems is that we live in a consumer society and people are set up to spend, spend, spend rather than save. It is a good idea for children to learn to save a little money from quite a young age as it helps them to recognise that they can’t always have what they want when they want it. When saving is a habit you can be pretty sure that your children will carry on that habit throughout their lifetime.

With unemployment figures rising all the time, those people who have saved money on a regular basis will be more able to weather the current storm than those who haven’t. Having money in a savings account is a cushion against bad times and unexpected large expenses. Even if interest rates on savings are at an all time low, there is still some interest going in – and remember that interest on your savings is really free money as you haven’t earned it. If you can save just a pound or two each week in a savings account you will be pleasantly surprised at how quickly your money mounts up.