You can thank yourself later It is easy to live in the moment, particularly when it comes to your finances. The cost-of-living crisis means it is difficult enough to pay today’s bills, no matter thinking about what ‘future you’ might need. However, making a few simple tweaks to your money management now could lead to a far more prosperous future, both in the next few years and in your retirement.
Once the account’s fixed period is up, the interest is likely to be far less competitive, so this is the time to switch your emergency fund into a new, competitive account. Finally, if you’re willing to give AI free rein over your bank account, an auto-saving app could help you to put money into savings without noticing that it has gone. Try Plum or Chip, which check your incomings and outgoings and put money into your savings automatically.