How To Start Saving Money [Forbes]
PARAGON FINCL SLTNS INC (PGNN)
Company Research
Source: Forbes
Advisor Savings Updated: Dec 18, 2024, 4:49pm To help new savers find their financial feet, we asked three experts to share their tips for kicking off the savings habit, along with three savings myths they wish would disappear. Why start saving? If you don't have much disposable income, saving money can easily fall to the bottom of your priority list. According to a 2024 study by savings platform Raisin , more than a third (34%) of UK adults have less than £1,000 in savings. But even if you can only save a few pounds here and there, it's still worth doing according to Brian Byrnes, head of personal finance at app-based savings provider, Moneybox: “Saving doesn't have to be as daunting as it might seem; putting away any amount of money can be a good start, which you can then build on as your income grows.” Having access to a ‘rainy day' fund can make a big difference when emergencies crop up, or living costs soar. Will Davies, chief deposits officer at Ford Money, says:
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