Whether you’re saving for something small or large, it’s important to be organised. A savings plan can help you reach your financial goals and make sure that your money is working hard for you.Resource : theinvestorscentre.co.uk

This week, UK Savings Week is highlighting the importance of setting savings goals and making them work for you. There’s a great range of tips and advice on how to do that, so head over to the website here for some inspiration.

UK Savings Plan: How to Reach £10,000 Faster

There are many ways to save – from setting up a Direct Debit to taking advantage of ISA allowances. Using online or mobile apps can also make it easier to keep track of your savings.

Choosing to save or invest your money depends on how long you’re saving for, and what you’re planning to use it for. If your goal is short term, you might want to save and earn interest (the money you’re paid for keeping your money in a bank or building society), while if it’s longer term such as buying a house in ten years or more then investing could be the way to go.

The FCA has today announced a series of measures to ensure that savers get the best rate possible. These include urging banks and building societies to pass on rate rises more quickly, supporting a targeted firm-by-firm communications campaign to encourage savers to search out better rates, and encouraging consumers to make their money work harder by switching accounts.