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Savings

Saving can be difficult on a low income, but putting aside even a small amount when you get paid or receive benefits can make a big difference. Having a savings buffer can help you avoid borrowing or paying interest, and can cover you during income delays or unexpected costs.

If you're paying off a loan, consider continuing to save the same amount once the loan is paid off.

There are many ways to save, whether informally or through a savings account. A savings account is usually the safest place to keep your money.

 

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