Newspaper article Evening Chronicle (Newcastle, England)

Smarter Saving; Changing Our Money Habits Is Something Many of Us Put Off

Newspaper article Evening Chronicle (Newcastle, England)

Smarter Saving; Changing Our Money Habits Is Something Many of Us Put Off

Article excerpt

e e know we should put aside some money fo WWWWfo r the future - and always intend to - bu but with the demands of work and family, ly, ly there's e's e' always something that seems more urgent. However, with ISAs getting a lot NISA, now is the ideal time to start savi sa ng. New rules mean we can all put away more into tax-fre x-f e savi sa ngs - and we have ha a lot more choice and flexibility. Changes in the Budget created NISAs - New Individual Savi Sa ngs Accounts - with an increased allowance of PS15,000 per year and the freedom to put any prop| ion of that amount into either cash or Stocks & Shares, or indeed both.

Cash v Stocks & Shares Cash is the most popular | ion for save sa rs because of the security of knowing there's very little risk to the money you put away. ay. ay But with that security comes the likelihood of relatively lower returns - even over the long term. Stocks & Shares have ha been shied away from by many as there's a risk to the money you invest and you could get back less than you put in. …

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