As incomes are squeezed and millions of Britons put nothing aside, the savings expert explains how best to build a healthy bank account
According to NatWest, which looked at the data of 750,000 anonymised customers, around half are not saving any money each month. Household finances are under pressure – earlier this year the Resolution Foundation thinktank described it as “an unprecedented income squeeze over the past decade”. Martin Lewis, founder of Money Saving Expert, agrees: “There are people in this country who have less income than their minimum outgoings, and that is a real crisis,” he says. However, part of it may also be an attitude problem: the NatWest survey found that those earning over £90,000 were just as likely not to put anything away. So, if you have money coming in and a potential to free up cash, how can you get into the savings habit? Lewis has some tips.
Related: The Money Saving Expert: how Martin Lewis became the most trusted man in Britain
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