WORKING over the holidays is a growing trend among both pupils and students. Many students opt to work over the holidays to improve their financial situation, or they need the extra pocket money and they also benefit from on-the-job experience. Either way, this extra money, if saved or invested correctly, can help them financially in the future.“It’s often a good idea to find temporary employment while completing your studies. It builds character and will help you when you eventually start working. Depending on your current situation and goals, the money earned can be used to finance your studies or help pay off your student loan, fund a holiday or even go towards your longer-term goals like deposits for cars or a first house,” said Himal Parbhoo, CEO of FNB Retail Cash Investments.“We encourage consumers to start saving from a young age as this mind-set will help later in life and with attaining future goals. Parbhoo suggests the following basic tips to help save your hard-earned cash.• Set your savings goal: Deciding to work over the holiday period is a great step in managing and growing your financial independence.This money could be used for a holiday at the end of the year, assist with expenses, accommodation, transport or could be saved for long-term goals like your retirement or an investment vehicle. Whatever your goal, ensure that you stick to your savings strategy and do not default at any stage.• Open a savings or investment account: It’s a good idea to put your money earned in a savings or an investment account. Look at account options and their interest rates to ensure that this account works best for your needs and savings goals. • Cut unnecessary expenses: Review your monthly spending by listing all your expenses in a budget and identify where you can cut expenses that you don’t need and rather focus on the things that matter.Less spending means more savings that you can put towards your goal. • Set monthly targets: This should be an ongoing process with the aim of settling small debts and expenses as soon as you can. “Working during your holidays can help you save more for your goals.“What’s most important is to start planning early and ensure that your savings plan is adhered to,” said Parbhoo.FNB offers a range of savings or cash investment accounts where you will not only benefit from attractive interest rates, but your capital and quoted returns are fully guaranteed, meaning there is no risk of losing your hard-earned money. — Supplied.