From the experts

‘You may have heard of the 52-week challenge, where you save £1 on week one and so on, but many people give up as you need do it manually each week,’ says Moira O’neill, Head of Personal Finance at Interactive Investor.

‘Instead, commit to saving a regular amount, say 10% of your salary, each month for the year. Set up a standing order so it goes into your savings automatically in case you forget. If you earn £25,000, you could save £2,500 by the end of 2019.’