The ability to save can contribute to both resilience and confidence. Research from the Money and Pensions Service found that people who were not saving regularly were more likely to feel anxious about their finances than regular savers and less likely to report high satisfaction with their lives.1
For some Loqbox members, saving regularly was a new experience. Automated payments helped them separate money from everyday spending and build a pot gradually, without having to make a new decision each month.
“Save was so great because it was tiny amounts like coming out of my account. I didn’t have to do anything. And then at the end of the year I had about £250 that I just had not seen missing, had not thought about.”
— Katy, Impact Report Contributor (Internal Case Study, 2026)
Members also valued the combination of accumulating savings and developing a regular financial habit.
“By the end of it, you get £250 back. I’ve never had savings, so it’s money I can put into a savings account or restart the program. It gives you education and builds a habit... It helps people who have never had savings break that line of poverty.”
— Amy, Impact Report Contributor (Internal Case Study, 2026)
The amount accumulated will differ according to the product used, the member’s chosen contribution and whether they complete the saving period. The wider impact is therefore not simply the value of the final pot. For some members, it is the experience of maintaining a commitment, seeing progress and proving to themselves that saving is possible.
From financial anxiety and isolation to savings and greater control
Daisy moved to the UK from Nigeria to attend university. After graduating, she worked both at the university and in a second part-time role that she had held while studying.
When the pandemic began, Daisy was separated from her family in Nigeria and became increasingly isolated. She experienced depression and spent long periods scrolling through TikTok and watching live content. She began buying virtual coins to gift to content creators, whose recognition provided a brief sense of connection.
Over time, the spending became difficult to control.
“I got really into TikTok. I enjoyed buying the gifts and giving them out. It was fun, or so I thought. The funny part is every time I did that, I kept going, ‘Ah, this is my mortgage going,’ but there was a kind of addiction to it. I’ve never gambled, but I would relate it to gambling.”
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Savings impact
A survey conducted by Censuswide in 2026 on behalf of Finder found that:
Two-in-five Brits (39%) have £1,000 or less in savings
A quarter (25%) have £200 or less
One-in-six adults (16%) have no savings at all, equating to around 8.9 million people.2
Having savings available matters not only for the ability to cover emergency costs, but is also a key ingredient in financial resilience, confidence and overall wellbeing.
Since 2021, over 370,000 members have collectively saved over £151 million with Loqbox. A typical Loqbox member saves £220 over their time with us.3
Importantly, of the 370,000 members who have saved with Loqbox, one in eight are still saving today. These members have saved, on average, for 17 months, and this tenure continues to grow. Looking only at members who joined over a year ago, 32.5% save for the full 12 months with no missed payments (105,000 members) and almost a third of those go on to start another year, often increasing their monthly amount when they do.
This shows that Loqbox has helped members save consistently over the course of a year, helping them build sustainable habits, confidence in their ability to save and financial resilience through access to savings.
3 £220 is the median. The mean is £410, raised by a minority of members saving substantially more. Loqbox internal data, all Loqbox savings payments between May 2021 and October 2026.
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