Personal savings

When it comes to your personal savings it can sometimes be difficult to keep your savings accounts balance at a level you can be comfortable with. This can be disheartening when you are trying to save towards a big goal item like a home, wedding or holiday.

In order to see changes and see your savings grow, it takes some planning and dedication and hopefully your personal savings should grow almost instantly.

If you are keen to help your personal savings grow to a level that you are happy with, below are some simple ways that may help you:

• Setup a savings budget. Sit down and devise yourself a budget which includes all the money you have coming in and all of your expenses. Then you can work out where you can cut back and see how much you can afford to put aside into your savings.

• Cut back. Work out how much you spend on items and then look at ways you can reduce this and then put that money into your savings.

• Open an online savings account. Open up an online savings account to help your money grow. Compare online savings accounts to find one that will earn you more in interest than a standard everyday savings account.

Compare savings accounts