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Bumper Book of Financial Brilliance - Savings Section - Coggle Diagram
Bumper Book of Financial Brilliance - Savings Section
TOOLS
Savings apps
MSE guide to savings apps
Save the change or pots
Savings account jargon busting
STS banking jargon explained
Guides to pick best ways to save
STS Savings guide
Money Health Check MAS
Calculators
MSE Regular Savings Calculator
MAS Savings calculator
Bad habits calculators on MSE and MAS
SCOPE
Having got finances in order with budget, spend diary and debt planning how do we best approach saving?
How do we make sustainable plans and stick to these?
How do we pick products/tools?
IDEAS
Emergency Pots
Saving for a specific goal or event
Longer term saving
Saving spare stuff
Savings accounts, the nitty gritty
PSA Personal Savings allowance: Basic rate tax payer can earn £1k interest on savings per year before paying income tax on this
What kind of saver will you be?
Those willing to shop an switch may benefit from bonuses
Those who may need to access their money will need to factor this into their choice of account
If the bank you choose is UK regulated you will be protected up to £85k and £170k for joint accounts
Types of savings account
Easy Access
Fixed rate
ISA
Current acc
Regular Saver
Notice Acccounts
Credit Unions
Help to Save
Other ways to Save
Savings Apps
Monzo
CHIP
Explain what a savings bot app/product is