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Tag: Saving

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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Using Monzo to monitor your spending

Using Monzo to monitor your spending

I’ve been using Monzo for some time now and I can 100 percent confirm that it’s helped me stay on top of my finances more than any other method I’ve tried in recent years.

You need to know how it has helped me, in order that you may also start to use it and we can fight the establishment all sort out our savings and become better with money.

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My 5 year financial plan

My 5 year financial plan

I’ve been thinking a lot lately about where I want to be in 5 years time. In 5 years, I’ll be 30, so I need to set some goals now and make sure I hit them by the time I get there.

So one of the goals I’ve set for myself is to buy a house in London by the time I’m 30. Ambitious, right? Not with the right financial plan.

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