I’m Feeling Confused About My Savings
When it comes to what’s best for your savings, the options can seem a little overwhelming. It might appear easier to just keep your cash locked away in a cupboard or to keep it in the current account that you always use.
While everyone has their own personal savings journey, we’re here to hopefully shine some light on the terms and phrases that you may encounter, and hopefully open up a world of saving options for you to consider.
One of the easiest ways to get involved in saving is to begin with a budget. It can be as complex or simple as you like, from spreadsheets with formulas, to budgeting apps, or even just a scribbled down note on a piece of paper!
Inline with our kinder banking philosophy, we’ve put together a simple guide to budgeting to get you started!
The next thing you may wish to consider is what to do with the money that you save?
We have a basic explanation of the different savings accounts that we offer to help get you started, but it’s worth talking to a member of our team for a full explanation. At The Cumberland, this will always mean talking to a real person, you won’t find any chat-bots or robots when you speak to us. If you’d like to make an appointment this allows a dedicated time to speak to us either in branch, or over the phone, with no commitment to sign up.
One thing we always advocate is that you take your time. Make sure that you fully understand the savings products that are being considered and take independent financial advice if necessary. Saving successfully is about forming a good habit and a good way to achieve this is to believe in what you’re doing.
If you’d like to learn more about savings, including our tips for getting started, visit our Savings Hub.
For queries about saving with The Cumberland, feel free to ask at one of our branches or give us a call on 01228 403141 – we’ll be happy to help.