Wellbeing
Advice on saving
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Read our top tips and advice on saving money!
If you saved £2.30 every day and put it in a high interest account, when you are 65 you will be the proud owner of £1million!
Make sure you are getting the best deal by researching purchases online
Money doesn't increase sat in your wallet but it will in a bank account where you will gain interest on it.
The majority of banks have accounts specifically for young learners.
Try saving all your 1p and 2p coins in a jar and cash them in after a few months. Then move onto 10p or 20p and see how much more you could save. Finally see how much a £2 jar would save
Try not buying a treat every day and putting that money aside to see how much you have at the end of the month
Price divided by the amount saved weekly = number of weeks
For example if you borrowed £100 for 6 months you could pay an additional £591 in interest. Look out for the APR attached to a loan, it stands for Annual Percentage Rate. The annual percentage rate on a loan is the amount the lender would charge if you borrowed the money for a year, as a percentage of the original loan.