We all know we should save more, but squirrelling away money is easier said than done. Unless you automate your savings by, say, having a portion of your salary deposited into a dedicated account, you can let months - even years - go by without setting anything aside. Saving feels especially daunting if you're weighed down by debt and have little left over each month as it is.
But saving anything is better than nothing. In his book "Secrets of the Millionaire Mind", author T. Harv Eker recommends saving even small amounts on a regular basis. So what if you can only save £10 or £20 a month? Those deposits add up, and by the time you have more income, you'll have wired yourself to save.
There are several smartphone apps that will link to your bank account to track your spending and determine where it can grab small amounts to direct into your savings. You might not be able to set aside £100 a week, but surely you can give up the cost of a pricey lunch or two.
Whatever it is that you’re saving for, a great way to start is by setting yourself a savings goal. And if you’re a Nationwide saver and use our banking app, you can even set up a savings goal and keep track of how you’re progressing on the app. While in the app you can also use 'Impulse Saver' which is a quick way to move money from your Nationwide current account to your savings account.