- Prepare for life’s unexpected events and expenses
- Realise your dreams and make larger purchases with your savings
- Grow your wealth by saving and investing in the long term
- Long-term savings are also a good way to prepare for the future.
Everyone should have some money set aside for unexpected expenses – for example, the equivalent of two months’ expenditure. It’s up to you whether you want to keep your savings in cash or in an account or aim for higher returns than you might get from a regular savings account. One option is to put some of your savings in a diversified investment fund, which gives you easy access to your money.