finance

How to save money even when the budget is tight


Firstly, the returns (or interest) being offered on savings accounts has improved, although borrowing is more expensive. For example, you may find an account paying 5% a year, so £1,000 saved for a year will earn £50 in interest. Save for lots of years, and that lump sum keeps building under what is known as compound interest.



READ SOURCE

Readers Also Like:  We live in the UK’s ‘BEST’ town – it’s full of friendly people & great culture… and it’s hiding a spectacular secret

This website uses cookies. By continuing to use this site, you accept our use of cookies.