Image copyright PA Image caption Year three of Bank of England Governor Mark Carney’s ‘forward guidance’ has produced an upbeat return for savers
Here at MoneySavingExpert we’ve been looking at ways to achieve better personal finances in 2022.
A study by consumer group Which? found people plan to save less in 2022 and spend more – meaning they’ll be worse off than today.
It was based on analysis of more than 6,000 surveys.
We’ve already looked at the best places to put your money in 2021 and what to do about your debts now.
But there are still some tips to keep your finances in good shape into the next five years.
1. Start saving now
Hilary Harrison, chief executive of MoneySuperMarket, says: “Everyone should have at least three months of living expenses set aside each month.
“One way to do this is to use a voucher for savings, like a ‘Christmas Promo’, where your balance is built up over the course of the year. You can book flexible start and finish dates, so they’re no problem with unplanned winter or Easter spending.”
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