High interest rates? Time to get saving
Money Clinic with Claer Barrett
00:00
Cash Savings Accounts
If you'd managed to get 5% on your savings, then you're actually doing pretty well and getting pretty close to breaking even with inflation. The main reason why we should keep saving money is because it gives us choices further down the line. But if you cannot commit to having three months worth of outgoings in a savings fund, don't beat yourself up. This is a tough time. I would try to avoid dipping into savings right now because I think that will be to your advantage in the long run.
Transcript
Play full episode
