Number 1. Pay Yourself First.

One of the key rules of wealth building is to pay yourself first, no matter what financial situation you are in. Take 10% of whatever your income is, stick it in a savings account and live on the rest.

You must do this before you spend out. Don’t try and play the game of saving what you have left at the end of the month.

Though, if you find yourself with more money left at the end of the month, start saving 15% or 20%.

If you don’t have any extra money coming in from a job you should still open a savings account because you can put your student loan in there and take the money out as and when you need it.

If you have a student overdraft at 0% interest then you can move over all of this money and put it in the savings account for the year. It’ll earn you up to £100 per year dependent on your overdraft limit.

Our number one recommended savings account based on customer service and easy of use is...

Alliance & Leicester Online Saver - 2.75% interest rate. Click here to open.