Before you start to save, decide how much you can afford to put aside each week or month and for how long. To do this look at your income, what you spend each month and what you owe on any loans.
There are many ways to save. Find out about different types of savings accounts and schemes.
The Deposit Guarantee Scheme (DGS) protects depositors in the event of a bank, building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits.
The Eligible Liabilities Guarantee (ELG) Scheme, which is also called the ‘Government Guarantee’, ended on 28 March 2013