Saving money helps your happiness

57% of those saving for the future feel optimistic SCIENCE SAYS SAVING MAKES YOU HAPPIER Hopeful Optimistic Caim Confident Neuroscience confirms that those who save for the future exhibit these feelings more than those with no savings? NO SPARE CASH? WHICH? RESEARCH REVEALS THAT SUCCESSFUL SAVERS SHARE 3 HABITS Cut back a little and 1 3 save over £25 a month V£2.204 They save every month, not 'mostr months They keep savings separate from other money They save for the future', not a specific goal coffees Why it works £9.005 It makes a significant difference to the amount you build up You're less likely to dip into it unless you really need to If you save for a specific purpose, you'll stop saving when you reach your goal. And you'll spend the money takeaway Why not try • Creating a direct debit from your • Opening a 'rainy day savings account • Focusing on the emotional benefits, rather than tangible ones: a savings buffer gives you peace of mind £6.99 current account to a • Moving any money left at the end of the month into it straight away so you don't spend it savings account 1 bottle of wine • Timing it to go out as soon as you're paid - you'll soon get used to living without it • Saving for specific shorter term goals alongside your longer term pot for the future Saving even a small amount every month can add up over time and could earn interests or bonuses too. Not only that, you'll feel more positive - it's a win/win strategy! Sources: Standard Life Saving in Mind Which: The throe habits of successful savers "Daily Telegraph Vouchercodes.co.uk "Cost of living in the UK Jan 2015, Numbeo Foresters Friondly Society is the trading name of The Ancient Order of Foresters Friendly Society Limited which is an Incorporated Friendly Society (Registration No. 511F) and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Registration No. 110029). Foresters Friendly Society