What is your primary motivation for saving money at the moment?

Nearly half of all savers who responded to our monthly poll for April told us that securing a new home was their primary motivation for putting funds aside at the moment.

 

The next highest demographic was the group saving money towards a significant event, which made up a quarter of the total respondents, whilst a further 20% were aiming to ensure that their bases are covered in the event of financial difficulties.

 

Only 5% told us that setting aside money for retirement is what motivates them most, whilst none replied that the major driving factor was to provide a trust fund for their children or other family members. An additional 5% told us that they are planning something else entirely with the funds they are saving at present.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What is your primary motivation for saving money at the moment? Results
To secure a new home  45%
To have a rainy day fund 20%
To have a trust fund for your children / family members 0%
To have a retirement pot 5%
To pay for a big event – e.g. wedding, holiday of a lifetime 25%
Something else 5%
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