Do you have a savings goal?

The latest NS&I Savings Survey has revealed that Britons who set themselves a savings goal are likely to save 44% (£42.50) more per month than those who don’t – this adds up to an additional £500 saved every year.

On average, those with regular savings goals manage to set aside £139.79 each month, compared to £97.28 for those without a goal.  Despite this however, NS&I suggest that only 29% of the population say that they actually set themselves a goal and save for something specific.

 

Source:  Credit Action November 2011 edition

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