Why should I save for a rainy day?

It can be tough just making your money stretch to cover the bills, let alone being able to save some money too. However, if you can put a little aside each week or month, it does have some benefits. Here’s why you should consider saving for a “rainy day”.

Unexpected expense

Unfortunately, things break, and they often break at the most inconvenient times. Some things you can live without for a while, but items such as your car, your boiler, your cooker, fridge or washing machine might need replacing more urgently. Having a savings account with some emergency money in means that if you do have an unexpected cost, you have money available to cover it.

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

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