Making Cents: Have you extra money you want to make work for you?

How to maximise your returns with available cash

Making Cents: It is estimated that household savings grew by as much as €11 billion since the start of the Covid-19 pandemic.

Do you have a lump sum accumulated over the last 12 months of Covid-19 restrictions? If you do you are not alone. It is estimated that household savings grew by as much as €11 billion since the start of the Covid-19 pandemic. Particularly in homes where income was unaffected by restrictions, the limited opportunities to spend money has led to the clearance of credit card and other short-term debt and an accumulation of savings.

Of course, there is also a pent-up need to spend money built up in many Irish homes, with everything from home improvements to clothes shopping put on the long finger.