2022 needs to be the year of saving. As prices of products are rising and the money we are earning isn’t increasing at the same rate, we need to do all we can to save as much money as possible. So here are our saving tips.

Most online banking apps will have the option to set goals for saving. This is a great way to know how much you need to save each week and month to reach your goals. They may also offer the opportunity to save spare change after you have made transactions. This is good for saving little and often.

Another option you have is to create saving envelopes. This is where you choose what amounts you put to save each week. Most people will do £1-52 for each week of the year. You then pick an envelope at random and put that amount into your savings. It helps to save a large amount by the end of the year.