The simple answer is now, and you do not need a big lump sum to begin

If you have ever told yourself you will start saving when things calm down, you are not alone. The trouble is there is rarely a perfect moment. Costs change, surprises happen, and the longer you wait, the longer you miss out on building a buffer. The good news is you can start with a small amount and still make real progress.

The best time to start is now

Hodge Bank puts it plainly. The short answer is now, and it is better to put aside a little regularly when you can. Little and often beats not at all.

That matters because saving is not just about the total. It is also about building the habit. A regular amount, even a small one, helps you get used to living on what is left.

Start small and make it automatic

MoneyHelper suggests saving any money left after essentials and thinking about saving once your main bills are paid. If you can, make it easier by automating it.

A simple approach is to set up a standing order to move money into savings each payday. Many banks and providers recommend this because you are less likely to spend it if it leaves your account quickly.

If you are starting from zero, pick a number that will not cause stress. Even £10 a week is a start. You can always increase it later.

What if money is tight right now?

If your budget is stretched, the goal is still the same, to create breathing space. You might begin by saving very small amounts, or by doing a quick review of spending to find one or two areas to trim.

It is also worth thinking about expensive debts. MoneyHelper advises focusing on paying off high cost borrowing like credit cards and overdrafts before building savings, because the interest you pay often outweighs the interest you earn.

A helpful first target

Many people aim to build an emergency fund so they can cope with unexpected bills. MoneyHelper suggests a common guide is three to six months of essential outgoings in an easy access account, but it also stresses that any amount saved will help.

Financial disclaimer
This article is for general information only and is not personal financial advice. Savings rates and rules can change, and what is suitable depends on your circumstances. If you are unsure, consider using free guidance services or speaking to a regulated financial adviser.