So, how can those that have realized lockdown financial savings habits make them stick when Britons enter the “new normal” way of life?
Dr Peter Brooks, Head of Behavioural Science at Barclays, has shared some ideas.
Every little counts
“Lockdown has shown many of us the big effect that comes from not having all those little amounts, that you don’t even think about, leaking out your account,” Dr Brooks stated.
“From snacks on the go, to petrol or public transport prices, the small issues actually do make a distinction to the general state of your funds.
“Therefore, as you look ahead, don’t neglect the actual worth that controlling the small bills can have in serving to you save every month.”
Give your funds a well being examine
“A fantastic train to do each now, and once more when life begins to really feel a bit extra regular, is to try your checking account and assess what you’ve been in a position to spend and lower your expenses on and what modifications you may realistically hold.
“Identifying what you could credibly do without, and moving that spend to straight savings will help build up that pot of money quicker than you think. Money management apps can help make this painless.”