Reward Yourself with a Savings Account

It is never too early — or late — in life to set up a savings account. Everybody likes the security of knowing they have a little something put aside should they need it. It can be that rainy day money, the emergency fund or just that little bit of cash that is set aside for purely frivolous – and guilt-free – indulgence. But whatever you end up using it for, one of the most gratifying things is the knowledge that you have carefully amassed this money – usually through a mixture of cautious spending and individual determination.

Indeed, there is a definite art to being a ‘super saver’. One of the key aspects is learning to more effectively control and regulate your personal finances – and this is often easier said than done. You need to know what money is coming in and exactly where and when it is going out. Once you have a clear understanding of the ebb and flow your money takes, it is easier to pinpoint these little windows of saving opportunities. Depending on your situation, you can either decide to put aside a set amount each month or just a little as-and-when you can afford it.

One of the top tips for effectively managing your financial accounts is through online banking; this way you can easily review your spending and keep a close eye on all your out-goings and any saving opportunities. It therefore makes perfect sense to synchronize your current account with an online savings account.

Online savings accounts – or e-accounts – will make saving more manageable and much easier to keep track of. Being able to review your savings instantly not only makes it simpler, but it can also really help spur you on. If you can actually see the money grow – albeit on a computer screen – you will be more inclined to persevere. What’s more you can transfer money in an instant; getting that spare cash into the safety of your savings account before you have a chance to spend it on something you probably don’t need.

So if you are serious about saving, then the smart thing to do may be to look into setting up an e-savings account. You can usually start one off with just one pound, and setting up an account is quick, simple and – most importantly – offers a highly rewarding way of watching your savings grow.

Disclaimer:
This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only, and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.