Transcript

Martin Upton

Hello again.

Two crucial parts of financial planning are savings and investments. Putting money aside allows us to fund a major purchase like a house, or to provide income for retirement. They also can be used to pay for unexpected bills, like car repairs. You might consider this 'saving for a rainy day'.

This week, you'll be asked to consider the impact of inflation, tax and interest on your savings and investments, as well as the risks involved.

We'll look at how different investments have performed over the long run, and we'll look at how the government tries to encourage us to save money. The 2014 budget statement unveiled substantial changes to the savings arena to encourage people to put more money aside for their future.

This week, then, we'll not only guide you around the superstore of savings and investments, we'll also point out what you need to know about the different products. You'll see there's more things you can do with your spare cash than just leaving it in your bank account.

Have a great week.