{"id":4424,"date":"2025-04-07T12:46:22","date_gmt":"2025-04-07T12:46:22","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/4424\/"},"modified":"2025-04-07T12:46:22","modified_gmt":"2025-04-07T12:46:22","slug":"nationwide-urges-anyone-with-savings-to-obey-little-known-three-step-rule","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/4424\/","title":{"rendered":"Nationwide urges anyone with savings to obey little-known three-step rule"},"content":{"rendered":"

The 50\/30\/20 rule means savers can ensure they are maximising their cash as the Cost of Living crisis continues.<\/p>\n

Nationwide has urged anyone with savings to ensure they are committing to a little-known rule.<\/a> The 50\/30\/20 rule means savers can ensure they are maximising their cash as the Cost of Living crisis continues.<\/p>\n

Bola Sol, money expert at Nationwide Building Society, said:<\/a> “Many people across the UK will be thinking about how best to save (and stretch!) their cash, whether it\u2019s a financial spring clean, saving for a big occasion or navigating changes from the recent Spring Budget and increased energy price cap.”<\/p>\n

“Each month, spend 50% on your needs, 30% on wants, and then put 20% aside for savings or debt repayment,” Bola said. “That 20% is where your ISA can shine.<\/p>\n

READ MORE HMRC urges any parent earning under \u00a3200,000 to claim free \u00a32,000 perk<\/strong><\/a><\/p>\n

“Whether it\u2019s a flexible cash ISA for emergency savings or a Fixed Rate ISA for longer-term goals, using your ISA allowance before the deadline helps grow your money tax-free.”<\/p>\n

Sol said: “When it comes to choosing an ISA, it’s important to align the product with your short or long-term goals and consider the accessibility options. Many offer different terms and returns, so why not utilise an account comparison tool.<\/p>\n

“If you’re looking for flexibility, a Cash ISA can be useful for short-term savings, but if you’re building for the future and comfortable locking money away, a fixed rate ISA may offer better returns over time.”<\/p>\n

Sol said: “Interest rates on ISAs vary depending on the type and term. Fixed-rate ISAs typically offer higher returns, but your funds might be locked in for a set period.<\/p>\n

“On the other hand, although easy-access ISAs provide greater flexibility, they typically come with lower interest rates, meaning they\u2019re not always the best option for accumulating earnings on your savings long term.”<\/p>\n

Nationwide\u2019s spending data, which is based on all debit and credit card transactions by Nationwide customers, reveals how the UK\u2019s spending habits have undergone a significant shift, ditching home-focused habits to a renewed enthusiasm for experiences and reclaiming life outside their homes.<\/p>\n","protected":false},"excerpt":{"rendered":"The 50\/30\/20 rule means savers can ensure they are maximising their cash as the Cost of Living crisis…\n","protected":false},"author":2,"featured_media":4425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[51,16,15,961],"class_list":{"0":"post-4424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-uk","10":"tag-united-kingdom","11":"tag-your-money"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114296755600898851","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/4424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=4424"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/4424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/4425"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=4424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=4424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=4424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}