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How much should you save each month??

How much should you save each month??

Saving is the bane of everyone’s life, but it’s time to be sensible. Millennials are notoriously bad at saving for a variety of reasons. Many of us are crippled by lower salaries and more extortionate rent than previous generations, and the rest are just disillusioned with saving in general.

It’s not hard to see why we have such an issue with saving, but it’s imperative that we do save (even if we are on the brink of WW3, thanks Drumpf.) If you ever want to hit that £40k mark for a house deposit (*cue mental breakdown*) it’s time to knuckle down on your finances.

But how much should you be saving each month? What’s a good starter rate for savings in general? My advice would be to follow the 50/30/20 rule.

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Funding Circle Pt. 1

Funding Circle Pt. 1

So in a previous blog post, I wrote about the fact that I need to see a better return on investment on my money that I have saved – rather than just leaving it in a shitty current account or whatever. Funding Circle came up as a good return on investment, so I looked into it.

If you’re not clued up on what Funding Circle is – it’s a system of peer to peer lending for small businesses that actually gives a really good return on investment – apparently.

So I decided to try it out and let you know how I got on. 😊

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