What should you do with £10 a month?

What should you do with £10 a month? // What should you do with £10 a month?
What should you do with £10 a month?
What should you do with £10 a month?
If you have £10 left over in your wallet each month, what's the best way to put that money to use?
Let’s imagine you’ve got an extra £10 a month coming in – perhaps from a pay rise. What should you do with it?
One option is to spend it. That could give you pleasure now, but you also need to think about  your future. Saving money now could improve your life later on.
So what’s the best way to save?
Andy Smith, Head of Media Relations at Santander, reckons your best option is a Cash ISA., highlighting that the interest you earn is absolutely tax free. But with £10 a month, it is actually worth it?
"It's important to get into the habit of saving," Smith explained. "If you save now, the interest will compound up. It becomes bigger and bigger, and a nest egg grows."
[SPOTLIGHT]Once you’ve built up a bit of a nest egg, you could invest in the stock market. Potentially your money will grow faster than if you leave it in a savings account. And if you save for the long-term – five years or more – you’ll reduce the risk as well.
Over the last 20 years the UK stock market has, on average, grown by 4.8% a year whereas your average savings account has grown by 2.1% year*.  So over that period, £100 in the stock market would have grown to £255, whereas £100 in a savings account would only have grown to £152. That’s assuming no inflation.
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