{"id":145579,"date":"2026-02-23T08:30:31","date_gmt":"2026-02-23T08:30:31","guid":{"rendered":"https:\/\/vale50plus.org\/clone\/three-pots-method-helps-build-wealth\/"},"modified":"2026-02-23T08:30:31","modified_gmt":"2026-02-23T08:30:31","slug":"three-pots-method-helps-build-wealth","status":"publish","type":"post","link":"https:\/\/vale50plus.org\/clone\/three-pots-method-helps-build-wealth\/","title":{"rendered":"&#8216;Three pots&#8217; method &#8216;helps build wealth&#8217;"},"content":{"rendered":"<p><\/p>\n<div id=\"article-body\">\n<h2 class=\"LeadText_lead-text__wd_PA __className_b122e5\" data-testid=\"leadtext\">An expert has a simple tip<\/h2>\n<p><button class=\"SlideViewerButton_slide-viewer-button__BDJoG\" aria-label=\"Open image viewer\" aria-haspopup=\"dialog\" aria-controls=\"image-lightbox\"><\/p>\n<div class=\"ImageEmbed_image-embed__0T8WX ImageEmbed_image-lead__Ti3qQ\" data-testid=\"leadimage\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-articleid=\"32430034\">\n<div class=\"ImageEmbed_image-container__2AIQm\">\n<figure class=\"Figure_figure__Uce4f\" style=\"--figure-aspect-ratio:1.5\"><\/figure>\n<\/div><figcaption class=\"ImageCaption_caption__j7HRu\" data-testid=\"image-caption\">\n<p aria-label=\"It could help get you on track\" class=\"ImageCaption_caption-title__ccyQU\" data-testid=\"caption-title\">It could help get you on track<cite aria-label=\"Image: Getty\" class=\"ImageCaption_caption-credit__wlx1W\" data-testid=\"caption-credit\">(Image: Getty)<\/cite><\/p>\n<\/figcaption><\/div>\n<p><\/button><\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Some people who are considering starting a new savings habit or building on an existing one as the new tax year approaches in April may be able to get a clearer idea of their savings goals by grouping them into separate \u201cpots\u201d, according to an investments expert. Lucy Smith, an investment manager at Killik &amp; Co, said that a \u201chelpful\u201d way to consider structuring savings can be to consider building an emergency pot of cash that can be accessed easily if needed.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Some people may want to aim to build up at least three months\u2019 worth of spending in it, depending on their own circumstances and what they feel comfortable with, she said. A \u201cplanned spend\u201d fund could be a second pot, with money put by for foreseeable goals in the next few years, such as a home purchase, a big holiday or any other life expense.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Longer-term \u201clifetime\u201d savings that will not be needed for around five years or more could be put into a third pot, Ms Smith suggested.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">She said: \u201cThis is your pot of money where investing can play a key role as you can benefit from compounding over time since it is not money that you will need over the next few years.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Ms Smith also said a consistent approach can help with building a savings habit. She said: \u201cOne of the simplest \u2018set and forget\u2019 behaviours is using your ISA allowance regularly.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Some savers might feel comfortable gradually moving from a cash Isa towards a stocks and shares Isa over time, she said.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Investments may potentially grow more strongly than savings held in cash over time. But the value of stocks and shares can go down as well as up, so people may want to consider the risk level they feel comfortable with.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Ms Smith said of the potential for funds to fall in value: \u201cIt\u2019s worth considering whether this is something that would keep you up at night or if you would see it as a buying opportunity \u2013 and what you\u2019d do if markets fell further.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Staying diversified when investing and avoiding \u201cputting all your eggs in one basket\u201d, may be a useful goal, she said. Ms Smith added that some people may want to get financial advice.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">The Government-backed MoneyHelper website also has tips and tools to help people build savings.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Ms Smith said: \u201cThe type of investment habit you build can also be adapted by life stages, such as buying a home, starting a family or approaching retirement.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">She said of building wealth: \u201cIt\u2019s about developing good habits over time.\u201d<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\"><strong class=\"Strong_strong__e2x35\"><em>Ensure our latest headlines always appear at the top of your Google Search by making us a Preferred Source. <\/em><\/strong><strong class=\"Strong_strong__e2x35\"><em><a aria-label=\"Click here to activateLink opens in a new tab.\" class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.google.com\/preferences\/source\" rel=\"nofollow\" tabindex=\"0\" target=\"_blank\">Click here to activate<\/a><\/em><\/strong><strong class=\"Strong_strong__e2x35\"><em> or add us as your Preferred Source in your Google search settings.<\/em><\/strong><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.walesonline.co.uk\/news\/cost-of-living\/three-pot-method-helps-build-33469772\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An expert has a simple tip It could help get you on track(Image: Getty) Some people who are considering starting a new savings habit or building on an existing one&hellip;<\/p>\n","protected":false},"author":2,"featured_media":145580,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_lmt_disableupdate":"","_lmt_disable":"","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","fifu_image_url":"https:\/\/i2-prod.walesonline.co.uk\/article32430034.ece\/ALTERNATES\/s1200f\/0_GettyImages-1678740822.jpg","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[25,29],"tags":[],"class_list":["post-145579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-news","category-recentpost"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i2-prod.walesonline.co.uk\/article32430034.ece\/ALTERNATES\/s1200f\/0_GettyImages-1678740822.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"publishpress_future_action":{"enabled":true,"date":"2026-08-23 08:30:31","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/posts\/145579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/comments?post=145579"}],"version-history":[{"count":0,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/posts\/145579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/media\/145580"}],"wp:attachment":[{"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/media?parent=145579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/categories?post=145579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vale50plus.org\/clone\/wp-json\/wp\/v2\/tags?post=145579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}