Did you know, money worries are quite common? Almost one in three UK adults (31%) have felt anxious about money. And over a quarter of couples argue regularly about their finances.¹

Our Sunny Days Savings Index paints a similar picture. We found 63% of over 50s worry that their finances might stop them from reaching their savings goals.²

Saving money, no matter how much, can have an impact on our mental health. But it’s not just about peace of mind. People who save regularly tend to feel more optimistic and are more satisfied with life, and sleep better too.³

Removing a bit of pressure also gives us the space to make more thoughtful, long-term saving and spending choices⁴. Having savings can reduce financial worries enabling you to make thoughtful, and deliberate decisions instead of rushed, panicked ones often driven by a lack of funds.

But there’s good news! You can improve your relationship with money with a few changes. Here are five practical tips:

• Know your habits. Are you a spender or saver? Understanding your style helps you make better choices.

• Spot your triggers. Do you shop when stressed or avoid checking your bank account? Recognising these patterns helps reduce their power over you.

• Set personal goals. Save for the things that matter to you, not what everyone else expects you to want.

• Make saving easy. Set up a standing order to make it easier to put money aside.

• Celebrate your wins! Reward yourself when you stick to your budget. Feeling positive about saving makes it easier to keep up good habits.

Doing the things you love can help boost your wellbeing. But so can building a positive money mindset.

At Coventry Building Society, we have range of accounts to help take the stress out of saving.

• Our easy access accounts let you save steady and access your money, while earning interest.

• Or, if you don’t plan to dip into your savings much, our limited access accounts reward you with higher interest rates for fewer withdrawals and withdrawals/closure are subject to charges.

Looking after your money means looking after yourself too – no matter what you’re saving for.