Many people still have only limited savings.
Whatever the size of your savings, decisions regarding them should be tied up with the financial planning discussed in Financial Planning . A first priority is to examine savings as part of your assets and liabilities. As already noted in Financial Planning , the cost of servicing debts is very likely to be greater than the return you could get from savings. If you have any surplus cash, either from your income or from a windfall, the best option might well be to reduce or pay off your debt. It is wise to shop around for the best rates, whatever type of credit you take out.