{"id":15228,"date":"2025-09-06T06:21:41","date_gmt":"2025-09-06T06:21:41","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?p=15228"},"modified":"2025-09-06T06:21:41","modified_gmt":"2025-09-06T06:21:41","slug":"1-in-10-brits-have-no-savings-how-to-build-a-savings-habit-2","status":"publish","type":"post","link":"https:\/\/lotayamedia.xyz\/?p=15228","title":{"rendered":"1 in 10 Brits Have No Savings: How to Build a Savings Habit"},"content":{"rendered":"<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/6%209\/k1.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><a href=\"https:\/\/lotayamedia.xyz\/?p=15223\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/09\/6666-6-1-3-768x960-1.jpg\" alt=\"\" width=\"768\" height=\"960\" class=\"alignnone size-full wp-image-15189\" srcset=\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/09\/6666-6-1-3-768x960-1.jpg 768w, https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/09\/6666-6-1-3-768x960-1-240x300.jpg 240w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/a><\/p>\n<p>Why Savings Matter in the Cost-of-Living Crisis<br \/>\nA recent Financial Conduct Authority (FCA) survey revealed that 10% of UK adults have no cash savings, leaving them exposed to unexpected expenses. Additionally, 25% of Brits have &#8220;low financial resilience&#8221;, meaning they struggle to cope with financial setbacks.<\/p>\n<p>While progress has been made\u2014such as fewer unbanked adults (down from 1.1 million in 2022 to 0.9 million in 2024)\u2014many still struggle to save consistently. Rising costs for groceries, energy, and fuel (as highlighted in the NatWest Savings Index 2025) make saving harder, but even small amounts can make a difference.<\/p>\n<p>How to Start Saving\u2014Even on a Tight Budget<br \/>\nRachel Springall, Finance Expert at Moneyfactscompare.co.uk, says:<\/p>\n<p>*&#8221;Saving small amounts regularly is key to building a safety net. Aim for 3-6 months\u2019 essential outgoings in an emergency fund.&#8221;*<\/p>\n<p>Tips to Kickstart Your Savings:<br \/>\n\u2705 Start small \u2013 Some accounts allow deposits as low as \u00a31.<br \/>\n\u2705 Automate savings \u2013 Use round-up tools (e.g., spare change from debit card spending).<br \/>\n\u2705 Choose high-interest accounts \u2013 Avoid keeping savings in 0% interest current accounts.<\/p>\n<p>Beat Inflation with the Right Savings Account<br \/>\nThe Bank of England warns inflation could hit 3.7% by September 2025, eroding cash left in low-interest accounts. Shockingly, \u00a3300 billion sits in UK accounts earning no interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Savings Matter in the Cost-of-Living Crisis A recent Financial Conduct Authority (FCA) survey revealed that 10% of UK adults &#8230;<\/p>\n","protected":false},"author":1,"featured_media":15226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-15228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/15228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15228"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/15228\/revisions"}],"predecessor-version":[{"id":15229,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/15228\/revisions\/15229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/15226"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}