If it seems like Christmas has left you with a financial hangover, it might be time to start thinking about how you ensure you’re in the best possible financial health this year. Whatever your goals for this year, saving regularly can be a great way to help you get there. Whether it’s a milestone birthday, a summer holiday or even getting your planning for Christmas 2017 in early, saving a little bit regularly in advance can help you to get where you need to be.
Sometimes it feels like there just isn’t enough money to go round to cover savings, but a small amount can make a big difference. £5 a week builds up to over £250 in a year and that can be a big step towards the things that you want to do. If you have an amount that you want to save, the savings calculator provided by the Money Advice Service (www.moneyadviceservice.org.uk/en/tools/savings-calculator) can help you plan how to achieve your goal. Saving is nearly always better than borrowing, as it avoids the interest charges that usually go with borrowing money.
As a Hexagon resident, one option open to you is to join London Plus Credit Union. London Plus can help you find a way to save that is right for you and saving regularly with them may also help you if you need to access a loan at any point (although loan decisions are always made based on London Plus’ assessment of individual circumstances, so cannot be guaranteed). Of course you need to be sure that any account you open is right for you and it’s advisable to take independent advice if in doubt.
If you would like to join the London Plus Credit Union, contact them directly on 020 7471 2620 or at www.londonpluscu.co.uk.