Plan to save

What are savings really? For some it is just money left in your bank account at the end of the week/month/year that wasn’t used to meet your living expenses. The left over money wasn’t planned for and because no thought was put into saving this money it may be spent with even less thought – buying a new dress or having a night out on the town. You end up exactly where you started at the beginning of the year – not necessarily worse off but certainly no closer to achieving any long term goals.

If you are serious about saving money then this is not the best way to go about it. Savings should be factored into your budget just like you put money aside to pay rent or buy groceries. You should also have a purpose for your savings. Having a goal makes putting money aside each pay worthwhile and will reduce the chance of you pillaging this money on a whim. A goal might be going on a holiday or saving up for a deposit on a house – however each goal is specific to the individual.

If you have a goal that you want to achieve, but find that you just can’t save enough money to do so, make an appointment with one of our Financial Advisers. We can help you set up a budget and work with you to manage your spending to achieve your goals.

General Advice Warning: The information on this site including any information contained in any of the blog posts is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.

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