Five reasons to try to save cash, even if you're struggling (opens original article in a new tab)

Saving money remains important for financial security despite current economic challenges, offering benefits such as a buffer against emergencies, support for home purchases, and protection through insured accounts.

• Saving can act as a financial buffer against unexpected expenses or unemployment.
• Adequate savings are necessary for future home purchases and can provide better mortgage opportunities.
• Cash in protected accounts is safeguarded up to $250,000 per person by the Financial Claims Scheme.