You are here: Home - Saving & Banking - News -

A third of Brits less likely to save in early 2008

Written by:

British savers’ good intentions look like being thwarted, according to research conducted by National Savings and Investments (NS&I).

Although Brits claim they want to save more, they are increasingly pessimistic about their ability to save, figures from the quarterly savings survey suggest.
When asked about their savings aims, respondents said their ideal monthly savings target was £180. Though this was an increase in expectations from the previous quarter when they stated £174, many people feel they won’t be able to put away those extra pounds in the coming months. A third of Brits surveyed said they would be less likely to save in the next three months compared to just over a fifth who stated they would save more.
Dax Harkins, senior savings strategist at NS&I, said: “Despite a strong desire to put more away in the savings pot, many people are really feeling the pinch. A little modification to your daily routine, which is sustainable, can help you build up quite a considerable nest egg.”
NS&I has issued tips to people wanting to reach their savings targets in 2008. It suggests putting away your car and jumping on public transport or walking to work as a great way to make considerable savings as well as growing your own vegetables and considering using online trading websites.

Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
One in five fall victim to ATM fraud

Research by CPP has identified the top 10 UK hotspots for card-related swindles and also shows the lengths fraudsters are...