How to Save Money
We all know how to save money, but are we all doing as much as we could? Probably not. Most of us are probably servicing the debt on our credit cards and just about making ends meet.
Well, it's about time we all got a bit more serious about saving. After all, it's good to have that safety net, no matter how big or small.
By reading through the articles below, your money saving strategies should have a bit of shake up so that 'rainy day' pot increases or you end up paying off debt sooner.
How much should you save?
Experts say that your emergency fund should be three times your monthly salary. This would cover you for any periods when you might be out of work or for large costs that might crop up. This can be a fairly hefty amount, particularly if you've got an expanding family or debt that you need to rein in!
It is important though, to have an emergency fund that should be used for emergencies only, not holidays, cars or clothes, but emergencies.
Have you considered though, what you're going to live on in retirement? A subject that often crops up is how little the weekly pension is. Currently £114.05 a week, would you be able to get by on that much? So, in addition to your emergency fund, have you got a pension, or some other form of retirement income? Perhaps you should start to think about that too.
Without going into too much detail, you've probably realised that you've got quite a bit of saving to do, so let's get started. Here are some savvy articles on how to save money.
Articles on how to save money
5 Easy strategies to save money
30 Easy money saving tips
Money saving ideas when on the move
Ways to save money when shopping
Tips on saving money on financial products
Saving money tips for the home
Tips for saving money on utility bills