Saving for the future
What is the 50/30/20 budgeting method?
Last reviewed June 2026 i QUICK ANSWER The 50/30/20 method is a simple budgeting rule that splits your income into three categories: 50% on needs (rent, bills, food), 30% on wants (dining out, entertainment, subscriptions), and 20% on savings or debt repayment. It’s a low-effort way to manage money without tracking every penny. Using this…
Read MoreSave as You Borrow: a unique way to build savings
Last reviewed May 2026 i QUICK ANSWER Save As You Borrow (SAYB) is a scheme offered by many credit unions where, alongside your regular loan repayments, you also save. The savings go into a regular shares account in your name. The amount you have to save differs between credit unions, but typically the minimum is…
Read MoreThe benefits of joining a payroll deduction scheme with a credit union
Managing finances should not be a headache. By joining a payroll deduction scheme with a credit union, a portion of money can be deducted from your salary (after tax) and used for savings or loan repayment. Credit unions are ethical and responsible institutions that promote financial well being and inclusion for their members. Many have…
Read MoreSave money by using cash instead of a card
Save money by using cash instead of a card. If you walk into a supermarket with only a £10 note, you’ve limited your spending to a tenner. Sounds obvious, but it’s an effective way to control your spending. Furthermore, it’s really hard to stick to a maximum spend if you’re using a debit card. And…
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