I read in a book once about keeping a fund for when things get tough and you need to get out of a situation quickly. So when i left a particularly toxic relationship once i had this fund that i had built up over years to put me up for a while when i figured out something new. It was the best thing i could have done and i would recommend everyone to start one, despite how serious it seems
The best piece of advice I’ve heard is ‘pay yourself first’ (a quote from our own Jasmine, no less!). When you get paid, siphon off an amount into your savings BEFORE paying your bills etc (as long as you can afford to save, obviously). It makes it much easier to build up savings as you don’t think you’ve got that extra cash to spend each month if it’s tucked away into a savings account.
Also, not to be scared of stocks and shares. It seemed like a scary world to me for ages – but now, equities ISAs and stock investment platforms are likely to offer better returns (in the long run) compared to the APPALLING level of savings interest currently on offer!
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