Brits need to think more about saving

Story link: Brits need to think more about saving

The recession is and will continue to put the strain on individual finances throughout the UK, throughout 2009.

That being said, and even though people are saving, there are definitely not enough people putting some cash away for a rainy day. Lets face it though, the interest rates offered by the banks are hardly an incentive are they!?

Brits need to think more about saving

Saga has conducted a survey which reveals that Brits may not be giving their savings enough thought as the recession continues.

The savings account provider found that 38 per cent of over-50s say they haven’t changed their spending habits since the onset of the credit crunch, but as over a third of them have an ongoing savings pot they may be well-placed to weather the financial storm.