Moneynet.co.uk: Regular saving is 'just good housekeeping'

www.moneynews.co.uk > General finance > Moneynet.co.uk: Regular saving is 'just good housekeeping'

Moneynet.co.uk: Regular saving is 'just good housekeeping'

Mon 23rd Jun 2008

Saving even a little money each month is "a brilliant habit", the chief executive of Moneynet.co.uk has said.

Richard Brown advised people to save regularly, even if only £10 or £20 a month.

While a minimum monthly payment might not equate to a lot, he said that saving what one can develops a habit "for when you are in the position of earning more money" and described it as "just good housekeeping".

Moneynet.co.uk is an online personal finance advice and data analyst.

Figures obtained by Nationwide this month show that while 74 per cent of people thing saving is important, only half do so regularly.

Nearly half (49 per cent) think the current economic climate makes it a bad time to save.

In April, the British Banking Association (BBA) said that personal deposits within banks were rising.

It attributed this to stronger ISA deposits than in previous years, and also the higher rates of return on high street accounts.

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued