Why Saving Is Important
Saving money will help you:
Manage unexpected costs and emergencies
Reach your short, medium and long term financial goals, like saving for a car, a down payment for a house or your retirement
Saving money is good for your health too. Studies throughout the world suggest that people who save for their future feel more positive, sleep better and experience better mental wellbeing than those with no savings.
For some, the thought of saving money can feel like a challenge, but there are small things almost anyone can do to save a little money each month, such as:
Planning your meals ahead of time and cooking in batches to save money on grocery shopping
Using price comparison websites, apps and price matching to try and reduce your bills
Turning down the heating or turning up the air conditioning a couple of degrees
Making lunches and coffee/tea at home a few times a week
Buying from wholesale companies and save with bulk purchases
HSBC offers a variety of savings accounts that can help you meet your saving goals. Whether its saving weekly or monthly, you can easily set up regular auto-deposit contributions to build your savings and stay on track. Learn more.
Find out about our 5 useful ways to help you create and maintain a savings habit that works for you.
Find out how you can stay focused in the short and long term to help you achieve a specific savings goal.
Learn how to create a successful budget, by assessing your spending habits against your earnings so you know how much money you can save each month.