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Why saving is important

Saving money is one of the most important financial habits you can adopt. It can help you to become financially secure and independent, and it can help you support yourself and your loved ones in an emergency.

Saving money can help you:

  • Deal with unexpected costs and emergencies
  • Reach your short, medium and long term financial goals, like saving for a car, your children's education, a house deposit or your retirement.

It's widely believed that saving money is good for your health, too. Studies throughout the world suggest that people who save for their future feel more positive, sleep better and experience better mental wellbeing than those with no savings.

For some, the thought of saving money can feel like a challenge, but there are small things almost anyone can do to save a little money each month, such as:

  • Planning your meals and cooking in batches to save money on food shopping
  • Using price comparison websites to see if you can manage your bills


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