Read all about it - 5 interesting ways to get saving

MoneyPlus Features Team

Our MoneyPlus team brings you a round-up of the latest money-themed stories. Get inspired by zen from Japan, useful guidance from a money coach and take a savings challenge.

There are so many fascinating articles out there about saving and building good money habits.

Helpfully, our editorial team has been looking through some of the more interesting and useful content and guidance we could find in order to bring you a carefully curated round-up.

If you’re just getting started with saving, we have unearthed some useful tips for you.

Also, take a look at some interesting (yes, really) ideas about how some employers are considering ‘sidecar savings’.

And we’ve sourced a super-helpful article about one of the biggest money challenges of all… moving house. Read on.

Let’s get started – here’s how

Saving… it sounds so wonderfully simple.

You put some money aside, you don’t spend it and instead you start to build up some savings.

But then, other stuff pops up – you need a nice gift for your family, and the car brakes need fixed.

But don’t worry, if you want to save but have no idea how to begin, then this article from The Guardian by Hilary Osborne has got some very worthwhile tips.

In her view, it’s never too late to start, pay down the debt, have a goal and think long term.

Feeling more prepared about the future and more able to think ahead and plan is at the heart of this article.

And … if you want to know more, we have lots of helpful tips and guidance about saving, longer-term goals and investing in MoneyPlus.

We’d also like to suggest a read of our Setting savings goals. And how to achieve them if you missed it in January. We all need a goal to aim for after all, whether that’s setting yourself a spending allowance or increasing your pension savings.

And once you’ve got some savings, here are some of the ways to give your money the chance to grow in our 3 golden rules of investing.

The Japanese way

Why not combine the benefits of journaling, mindfulness and Japanese zen to help you build your savings habits?

We love this piece by Sarah Harvey on CNBC, who moved to Tokyo and discovered ‘kakeibo’, the Japanese art of saving money.

Lo and behold, there is a way to make spending mindful and saving simple. Following it for a few months quickly made a difference for the author and could maybe make a difference for you too.

The key is to get started… and take it slowly with a bit of mindfulness to keep you balanced.

Let’s play a savings game

Want to ‘gamify’ your savings habits? How about choosing one of these challenges? They’ve been designed by the people at to put a little pep into your savings game.

We particularly like the reverse 52-week challenge: week 1, save £52. Then, every week after, reduce the amount by £1. At the end of 52 weeks, you’ll have a tidy £1,378 plus (if you’re clever) some interest too if you put it in a savings account.

Or try and save £1 a day if you have less to put aside. £365 (or £366 in a leap year) could be very useful. #futuregoals

Home sweet home

Talking about future goals… if you are just about to begin the journey towards buying your first home or you’re moving up, you’ll lap up every morsel of advice in this comprehensive list compiled by Sophie Benson.

As a freelancer working for herself, she can assure you that there may be extra hurdles for people who don’t have an employer, but a mortgage isn’t impossible.

Her top tip? Save more than you think you’ll need.

If you’re thinking of taking that first step towards home ownership and you’re under 40, you might like to find out how a Lifetime ISA account can help to make it a reality. With a LISA you get a government bonus of 25% on top of what you save, although there are terms and conditions you need to know about to make the most of it.

Over 40, you might want to consider other types of ISA to help you save, whether that’s for a house deposit, wedding… or whatever you have in mind.

We explain how ISAs work here.

Now that’s what I call a plan – and some new ideas for financial wellbeing

To help us all get to a better place financially, the government is in the process of setting up a 10-year financial wellbeing programme to educate and motivate us into good money habits.

Teaching children much more about personal finance is on the agenda, so too is the idea of ‘sidecar’ savings.

The idea with ‘sidecar’ savings is that some money is taken from your pay every month and put into a savings pot that you can access when needed. When your savings pot reaches an agreed level, your money gets re-directed into your pension.

Why is this such a great idea? Having ‘emergency savings’ is the key to not having to rely on expensive loans or credit cards.

Another idea is ‘rentflex’, which introduces the concept of letting people overpay their rent during several months of the year, so they can pay less during expensive months like December. Here’s where to read more about the innovative ideas designed to get people into much better financial habits in the future.

We want to help you achieve your long-term financial aims too. Could saving more into your pension or an ISA get you closer to your goals – get to know the difference.


The information here is based on our understanding in February 2020 and should not be taken as financial advice.

Pensions and Stocks & Shares ISAs are investments. Their value can go down as well as up and may be worth less than was paid in.

Standard Life accepts no responsibility for the information contained in the websites referred to in this article. These are provided for general information only.