Nationwide urges anyone with savings to obey little-known three-step rule

Nationwide has urged anyone with savings to ensure they are committing to a little-known rule. The 50/30/20 rule means savers can ensure they are maximising their cash as the Cost of Living crisis continues. Bola Sol, money expert at Nationwide Building Society, said: "Many people across the UK will be thinking about how best to save (and stretch!) their cash, whether it’s a financial spring clean, saving for a big occasion or navigating changes from the recent Spring Budget and increased energy price cap." "Each month, spend 50% on your needs, 30% on wants, and then put 20% aside for savings or debt repayment," Bola said. "That 20% is where your ISA can shine.