Struggling to Save? Let’s Talk About It

Imagine waking up to an unexpected expense! a broken boiler, urgent car repair, or emergency that demands quick attention and having no savings to cover it. Unfortunately, many in Derbyshire face this challenge, living without a financial safety net.

Saving money is difficult for many people. Some households struggle to make ends meet, with some overwhelmed by bills and others having no extra income to put aside.

The reasons for these difficulties are common:

While these challenges are real, there are ways to start building savings, even with small steps. Here are a few tips for getting started…

Save Each month After 6 months After 1 year After 3 years After 5 years
£12 £72 £144 £432 £720
£40 £240 £480 £1,440 £2,400
£100 £600 £1,200 £3,600 £6,000

Starting small is key. These manageable steps can help build a financial safety net for the future, one that can provide peace of mind and stability

Did you know?