What are the best options for saving money?

Being able to save money is the key to future financial success. From a deposit for a home, to car financing and paying for holidays, savings come in very useful indeed. Despite this, many of us find it hard to save. Given the squeeze on so many household budgets, the rise in the cost of living and low interest rates, incentives to do it can seem few. However, once you accumulate savings you give yourself the freedom to make financial decisions. So, if you’re looking to get the most out of your savings what are your options? Under the bed This ‘option’ could be under the bed, in a shoebox, stuffed in a sock etc. For those who don’t trust banks with their cash this is often the first choice. The advantage of saving in this way is that you have complete control. However, there are many disadvantages too. You won’t earn any interest on cash that you keep under the bed and there is no official record of it. Cash that is ‘out of the system’ in this way won’t contribute to c


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