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22 March 2006
Britons have revealed their top ten tips for saving, yet very few listen to their own advice, claims research.
"Save little and often" was the top savings tip, endorsed by 21 per cent of people surveyed in the study for Scottish Widows. Other tips included being on good terms with the bank manager (one per cent) while 19 per cent of people advised that a rainy day fund was the best savings idea.
However, Britons are not practising what they preach, with 62 per cent saving little or nothing, according to research.
"Our research shows that people do have some very good tips on good savings habits, but few are actually putting these tips into practice regularly," said Anne Young, savings expert from Scottish Widows.
"Saving little and often is a great way to start improve our savings habits. It is important to get into a good sense of saving routine as soon as possible, even if all you can afford is a little bit each month."
The nation can be divided into four different savings categories, according to the company. These include Savvy Savers, typically young organised women who save a substantial amount each month and Goal Savers, younger men or women who don't save regularly but also don't spend too freely.
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