Set up monthly savings
Save and forget. Set up a monthly payment into your savings account, into your share ISA, and into your pension. Short term pain (as you have less to spend) will soon be forgotten and long term gain will kick in. You soon won’t miss the money and it will be accruing and compounding nicely. Now beyond this we’re going to get a LOT more active and creative with your finances, showing ways to real growth. But if you do nothing else (and many of you won’t!) then saving and forgetting 20 per cent of your take home each month will give you a solid financial starter.
Tags: monthly savings, savings, personal finance advice
