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How to save money each month for your retirement
If you want to save money each month for your retirement, you need to think of a percentage of your income you can comfortably put a side as soon as you get paid.
If you put a percentage % away of your take home income you can start a saving budget planner to see where you’ll be in 5, 10 or even 20 years time!
Here’s an example if you were to put £750 away each month into a savings account…
Month 1 £750
1 year £9,000
2 years £18,000
3 years £27,000
4 years £36,000
5 years £45,000
Jump to
10 years £450,000
15 years £675,000
20 years £900,000
Wow that’s pretty impressive heh, so imagine if you could also earn more, get a return on this money by investing and save on your overheads (ie bills by shopping around) you could make this figure huge!!!
Have a little play around and see what your financial future can look like (include pay rises too!)
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