We all know that we need to save for the future. But, an awful lot of us still do not do so. In the UK, around 50% of people are aware that they have not saved enough for their future. Fortunately, there are plenty of really good ways for UK residents to save. So, it is not hard for them to address the fact they are not saving enough and get started right away. Here are just a few of the options.

Individual Savings Accounts (ISAs)

Any adult can open a Wealthify ISA. Currently, there are 7 different types of ISAs to choose from and quite a few different providers. So, it is a good idea to do a bit of research and weigh things up before choosing which ISA to use for your savings.

At the time of writing this article your options are:

  1. A Basic ISA
  2. Inheritance ISA
  3. Help to Buy ISAs
  4. Junior ISAs
  5. Flexible ISA
  6. Innovative Finance ISA
  7. A lifetime ISA

Some of them are only available to a specific age-group or demographic. But, the information you need to work out if you qualify to open one of them is widely available online.

Ordinary savings accounts

There are also hundreds of ordinary savings accounts available to choose from. So, again, it is a good idea to shop around and get the best deal for you. Even when interest rates are low, as they are now, you can still shop around for the best rate.

Being prepared to switch and looking for deals where the bank you are using puts some cash into the account as an incentive can net you a surprising amount. This article explains 10 different ways you can earn a higher rate of interest without having to take too many big risks with your capital.

Physical ways to save money

The only problem with the above ways of saving is that it is all too easy to open the accounts and put nothing in them. An awful lot of people do exactly that.

If you tend to do this, try saving up some money in a way that enables you to physically see your progress. For example, put cash into a jar at home. Then take it to the bank at the end of the month.

Use apps to help you to save

Or, if you would prefer not to have money lying around the house, try using a savings app instead. Some bank accounts, like Monzo, include a round-up app as part of the deal. Every time you purchase something they round up the amount that is taken to the nearest pound and deduct that from your current account. The extra bit of cash that was charged gets put into a savings account. It is a really easy way to save without really thinking about it.

Hopefully, this article has inspired you to get the savings bug. It is never too early to start working to make your future a better one.


Northern girl Laura is the epitome of a true entrepreneur. Laura’s spirit for adventure and passion for people blaze through House of Coco. She founded House of Coco in 2014 and has grown it in to an internationally recognised brand whilst having a lot of fun along the way. Travel is in her DNA and she is a true visionary and a global citizen.

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