While living costs remain high, building up a rainy day savings fund has never been more important.
By taking the term ‘rainy day’ literally, people may be able to amass over £2,000 over the year, experts at money app Plum have said.
The savvy “Rainy Days Rule” sees people challenge themselves to put a certain amount of money away every time it rains.
The Plum app has an automation tool to help people put the funds away automatically. Rajan Lakhani, Plum’s resident money expert explained: “Each day it rains in your local area, extra money is put aside in your savings for you.
“With Plum, this rule can be customised depending on how much you want to save or to keep things weather-appropriate, your ‘moisture level’ from £1 – a bit damp – to £20.”
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