We all know saving money is important, yet many of us actually struggle to save money. The good news is that saving money doesn’t need to be ‘hard’. Saving money can be simple, and straightforward and you can get started today.

We’ve all learned about the importance of saving money, whether it’s from our grandparents, teachers or financial advisors. Despite this, most people live paycheck to paycheck.

The vast majority of people who live in first world countries keep their money in banks. But few people actually know how banks work. In this article, we take a closer look at the banking system.