This week sees the inaugural UK Savings Week, a collaboration with the Building Societies Association, credit unions, building societies and other providers, consumer groups and debt charities running from 26th September to 2nd October. It’s a very timely event given the pressure the rising cost of living is putting on UK households.
With over a third (36%) of savers saying that they are relying on their savings to get them through the crisis, it’s never been more important to create a regular savings habit to provide security and resilience.
UK Savings Week is an annual event aiming to get people engaged with saving whatever their circumstances.
Andrew Gall, head of savings and economics at the BSA commented:
“Whilst the midst of a cost-of-living crisis might seem like an odd time to launch activities encouraging good savings habits, those who are able to save can benefit from building their resilience to future shocks.
“When, how and how much people save will be different for everyone and UK Savings Week aims to help individuals to save their own way, when they can. And for those who are already savers, UK Savings Week aims to help people think about making most the of their savings.”
Visit the website for help and support on your savings journey https://uksavingsweek.co.uk where you will find some useful links, answers to common questions and lots of advice with a view to achieving your savings goals.