Top of main content

Why saving is important

Saving money is one of the most important financial habits you can adopt. It can help you to become financially secure and independent, and it can help you support yourself and your loved ones in an emergency.

Saving money can help you:

  • Deal with unexpected costs and emergencies
  • Reach your short, medium and long term financial goals, like saving for a car, your children's education, a house deposit or your retirement.

It's widely believed that saving money is good for your health, too. Studies throughout the world suggest that people who save for their future feel more positive, sleep better and experience better mental wellbeing than those with no savings.

For some, the thought of saving money can feel like a challenge, but there are small things almost anyone can do to save a little money each month, such as:

  • Planning your meals and cooking in batches to save money on food shopping
  • Using price comparison websites to see if you can manage your bills

Find out more about how you can start saving.

Back to top  

Disclaimer

For persons in India. This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any product / investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorised HSBC to use such information provided by them. Whilst every care has been taken in compiling the information, HSBC and the concerned Information Provider(s) do not guarantee, or make any representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be liable for damages arising out of any person's reliance upon this information or any action taken or not taken as a result of any material contained in the publication. Expressions of opinion are those of HSBC and the Information Provider(s) only and are subject to change without notice. HSBC has not independently verified any information provided by the Information Provider (s) or that has been derived from the sources believed to be reliable by HSBC. Opinions expressed herein do not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this publication. This document is for circulation in India only. No part of this publication may be reproduced or stored in a retrieval system without the prior written permission of HSBC. Any liability is accordingly expressly disclaimed by HSBC, its officers, directors and employees.