Savings

How to double or trouble your money?

“Giving up on your goal because of one setback is like slashing your other three tires because you got a flat” – Toby Mckeehan

A good chunk of the UK population is feeling the financial pinch due to the increased cost of living. Inflation has reached a whopping 9.1% and is expected to rise again to 11%. Inflation is so high because of escalating food and fuel prices, and wages cannot keep up with the rate at which prices are rising.

Does financial inclusion helps promote cash savings

“ Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, and in helping governments deliver services to their people”- Sri Mulyani Indrawati

Saving Trends for 2022

“The tipping point is that magic moment when an idea, trend or social behaviour crosses a threshold, tips and spreads like wildfire” – Malcolm Gladwell

How has higher cost of living had an impact on the consumption of clothing?

“One reason why people resist change is because they focus on what they have to give up, instead of what they have to gain”- Rick Godwin

Back to School - plan by saving in advance without getting financially worried

“A good financial plan is a road map that shows us exactly how the choices we make today will affect our future”- Alexa Von Tobel

Has the financial blues got you losing hope for a secure future?

“You may not always have a comfortable life, and you will not always be able to solve the worlds problems all at once, but don’t ever underestimate the importance you can have. Because history has shown us that courage can be contagious, and hope can take a life of its own” – Michelle Obama

The wrong savings choices are as dangerous as ‘No savings’

“Every decision brings with it some good, some bad, some lessons, and some luck. The only thing that’s for sure is that indecision steals many years from many people who wind up wishing they’d just had the courage to leap.” Doe Zantamata

FSCS: How your hard-earned cash savings are protected in this unprecedented time?

“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labour. It’s about stewardship and, therefore, about achieving the good society.” – Robert J. Shiller

My experience as a young saver

Hello, my name is Nicole, and I am a young saver!

I am constantly looking for my next new experience, such as travelling and attending different events. I have gone to several events such as Halloween Reggaeton party dressed as Jasmine; comic con dressed as Alice in the wonderland. I also enjoy doing creative activities such as coming up with games and making cards.

But enough about my interests, let’s delve into how and why my saving journey started.

Why savings needs to be a habit rather than a task?

“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception; it is a prevailing attitude” -Colin Powell