Any form of saving 'is good'

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Any form of saving 'is good'

Mon 31st Oct 2011

Individuals across the UK need to be aware that any form of saving which they can afford to carry out will stand them in good stead should they face an emergency situation in the future.

Keith Churchouse, director of Churchouse Financial Planning, said people should always aim to have a safety fund of between three and six months' worth of income to be prepared for any eventuality.

He commented: "If you are putting in place new savings, then make sure you review them over a 12 month period to make sure that the rate you are receiving is still competitive going forward."

Meanwhile, a spokesman from Family Investments recently argued that Brits should seek independent advice on their savings and borrowings in order to get the best results possible.

He noted that it is important to gain as much knowledge about savings products as possible in order to deliver the best yields to provide a safety net for the future.

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