# The lockdown money revolution
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2020-08-07
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: Lockdown: Has It Sparked a Money Revolution?
Meta Description: Discover how Brits are saving more during lockdown, and how Turner Little can help you protect and grow your wealth for the future.
URL: https://financedigest.com/the-lockdown-money-revolutionhtml

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_By **Granville Turner,** Director at Turner Little._

Many Brits have found that lockdown has been beneficial for their money, having cut back on personal spending and managing to put away some extra cash. According to eToro, Brits with unspent discretionary income are set to accumulate £75.5bn in savings in just three months.

Restrictions on movement have meant that despite the financial hardships associated with furlough, a significant number of individuals have been able to make regular [savings on travel costs](https://www.financedigest.com/how-to-save-money-as-a-student-during-the-cost-of-living-crisis.html "How to Save Money as a Student During the Cost of Living Crisis") and other daily expenses. Bank of England [data reveals](https://www.financedigest.com/businesses-seek-better-access-to-data-to-support-environmental-objectives-bright-data-research-reveals.html "Businesses seek better access to data to support environmental objectives, Bright Data Research Reveals") that households saved a record amount in April alone, paying off in excess of £7.4bn of debt. Has lockdown sparked a widespread revolution in the way [people think about money](https://www.financedigest.com/more-than-twice-as-many-consumers-trust-customer-reviews-over-companies-themselves-according-to-research-from-smart-money-people.html "More than twice as many consumers trust customer reviews over companies themselves according to research from Smart Money People")?

With more than 22 million individuals planning to keep up their new savings habits after lockdown is lifted, an estimated 3.8 million adults have invested in the stock market for the first [time since](https://www.financedigest.com/sterling-slides-below-1-15-for-first-time-since-2020.html "Sterling slides below .15 for first time since 2020") February this year.

![Granville Turner](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/granville-turner-headshot-450x298-1736838870422-compressed.png)

Granville Turner

“Many people have been savvy and [saved money](https://www.financedigest.com/money-saving-hacks.html "Money saving hacks") during lockdown. Whilst the current goal might be wealth accumulation – investing and saving to accumulate as much wealth as possible, it’s also important to ensure that as your wealth accumulates, and your financial goals come into view, you [secure your investment portfolio from threats](https://www.financedigest.com/how-financial-services-firms-can-mitigate-against-their-top-data-security-threats.html "How Financial Services Firms Can Mitigate Against Their Top Data Security Threats") such as business creditors, divorce, bankruptcy and more,” says Granville Turner, Director at Company Formation Specialists, Turner Little.

[It’s important](https://www.financedigest.com/paternity-leave-and-why-its-important.html "Paternity Leave and Why It’s Important.") to plan now, to protect for later, and that’s where we come in. At Turner Little, we understand that every individual, [business and challenge](https://www.financedigest.com/global-lycopene-market-outlook-business-challenges-investment-opportunities-progression-status-revenue-expectation-and-forecast-2022-2029.html "Global Lycopene Market Outlook Business Challenges, Investment Opportunities, Progression Status, Revenue Expectation and Forecast 2022-2029") is unique. We help you structure your [assets in the right way](https://www.financedigest.com/4-ways-todays-investor-can-future-proof-their-assets.html "4 Ways Today’s Investor Can Future Proof their Assets"), giving you a robust base to build on.

The knowledge and expertise of our specialists, ensures we are able to assist with any enquiries, no matter how complex, [ensuring you are able to achieve the retirement](https://www.financedigest.com/why-companies-need-to-rethink-retirement-tips-for-ensuring-a-happy-life-in-later-years.html "Why companies need to rethink retirement – Tips for ensuring a happy life in later years") you want. To find out more about how we can help you plan, [get in touch with us today.](http://www.turnerlittle.com/)


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