“Making use of schemes, such as ‘Help to Save’ or even just opening a dedicated savings account can make this process easier."However the first ste
“Making use of schemes, such as ‘Help to Save’ or even just opening a dedicated savings account can make this process easier.
“However the first step for anyone looking to start saving is to take stock of their finances – apps like Yolt enable you to see a clear view of your income and outgoings, which in turn allow you to work out how much you can afford to save each month.”
Meanwhile, Jane Goodland, corporate affairs director at Quilter, also commented on the Help to Save statistics.
She said: “In the last few months, many will have seen a radical change to their financial situation.
“Jobs will have been lost, and some will now be claiming Universal Credit, often for the first time in their lives.
“In order to save for a financially secure future, people claiming Universal Credit should consider opening a Help to Save account while they are eligible, and make the most of the generous government bonus on offer, which they can continue claiming even if they find employment later on down the line.