With the rising costs of living, there has never been a better time to plan for your financial future than today.

As the saying goes, “Every day do something that will inch you closer to a better tomorrow.”

This quote can apply towards planning your finances and what you would need to do to reach your savings goals.

Here is how Hertsavers can help you towards reaching your financial goals.

1. Start saving today

” The future is created by what you do today not tomorrow” – Robert Kiyosaki

For instance, people spend more at Christmas than at any time of the year. Therefore opening up and saving into a Christmas Savings Account in January means that you will have more money available for Christmas shopping and avoid financial stress next January.

You can find out more about our savings accounts here.

2. Make loan plans in advance

Making loan plans ahead of time will mean that you will be able to apply for a loan – and get it approved – for when you actually need it. We were impressed with our members last November and December as many of them applied for a Christmas loan ahead of time which meant that they had secured the loan in time for Christmas.

We have a wide range of loans at low-interest rates which can be repaid between 12 to 60 months (depending on the size of the loan). For instance:

• Members saving through a deduction from their payroll are eligible to apply for an Introductory Loan of up to £3,000 repayable over 60 months subject as always to credit and affordability checks

• Members with equity in their property are eligible to apply for loans of up to £20,000 repayable over up to 60 months subject to affordability and credit checks

Pay yourself first to save for a rainy day

Make it a priority to put money into your emergency fund with each and every paycheck. One of the best ways to do this is through the Salary Saving Scheme. You can find out more here.

Parting words of wisdom

If you understand how money can work for and against you, you can make better decisions. Financial literacy is not about wealth but about understanding money regardless of the amount. It’s about how you treat it and how you maximize opportunities. – Mellody Hobson