Local communities will get incentive for wind farm

Like setting up a savings account, we like to know that inconveniences will be worth it in the end.

08:17 11 June 2013

Local communities are being given more power over the fate of the proposed wind farm, but they are also being given more incentives to choose the greener energy option.Community benefits could reach £100,000 from the operation of the wind farm.

 

Just like establishing a savings account, we want to know that the outcome is worth the investment. Here are a few reasons to set up that savings account, even if the interest rate is smaller than expected.  

 

• People who set up a savings account early in life will tend to continue depositing into the account. This means they will have fewer worries as they age and when facing retirement. Just setting up that account, even with a smaller balance means you have done the difficult part so adding to it becomes much easier. 

 

• Many of us like to “think big” when it comes to a savings account, but the reality for many of us is that we can’t afford to drop loads of money into a savings account. Sometimes we even use that as an excuse to avoid setting up an account. If you truly do not have money in your budget to open a savings account, then get a savings jar and be extra disciplined not to touch it. Once the extra money you find, or spare change from purchases fills the jar you may have enough to open a savings account. 

 

• Finding a bank, which meets your needs, is crucial to properly managing your savings account. If your bank charges fees if you do not deposit, or if you cannot reach a certain minimum balance and you have a tight budget, you would be throwing your money down the drain. Search for one with the hours you want that hopefully will not require a minimum deposit each month. A savings will not work if it does not meet your personal needs.