| All News | Archived News |
Saving is "just good housekeeping"
23 June 2008
A money expert has urged consumers to start regularly saving despite the credit crunch.
Chief executive of Moneynet Richard Brown suggested saving as little as £10 a month would develop "a brilliant habit" that would eventually lead to a larger nest egg.
"We looked at several accounts and if, for example, you save £25 a month with Halifax, that`s £330 with your ten per cent. It`s not a lot of money, but it gets you in a habit for when you are in a position of earning more money," said Mr Brown.
"It`s just good housekeeping," he added.
Last week, Nationwide released a report revealing 74 per cent of British consumers think saving is important, while 50 per cent have a regular saving habit.
Almost a third of those questioned don`t think they will be saving enough in six months` time and nearly half (49 per cent) think now is a bad time to save for the future. 
Speak to an expert today
Call freephone: 0800 161 3516
©2008 Gregory Pennington Ltd. Pennington House, Carolina Way, South Langworthy Road, Salford M50 2ZY. Company Registration No. 2855061
Registered in England and Wales
Part of the Think Money Group. Our initial advice on your best financial solution is free. Fees payable where continuing services are provided. Calls may be recorded for training and quality purposes.
Debt Management | Debt Solutions | Debt Consolidation | IVA | Trust Deed