Most financial advisors recommend having three months’ gross salary tucked away. That might seem like an impossible feat, but it can be achieved if you follow these simple steps to financial security.
26th Jun 2023
Most financial advisors recommend having three months’ gross salary tucked away. That might seem like an impossible feat, but it can be achieved if you follow Colette Sexton's six simple steps to financial security. When I was ten, after constantly nagging my parents for a TV in my room, my Dad eventually said I could get one if I saved up for it myself. He quickly forgot this promise. I did not. I saved all my pocket money plus whatever extra I made on special occasions or doing chores for 13 months until I had enough to pick a TV out of the Argos catalogue. True to his word, although in disbelief that I actually had the patience to save up, my Dad let me buy it and that TV lasted me 13 years.
If you haven’t already figured it out, I can get a little preachy when it comes to saving money. I find it crazy when friends on salaries higher than mine run out of money before payday. I know that there are some dreadful situations out there and some people struggle week to week to make their money stretch to cover the essentials like rent, food and heat. However, the majority of us do have some wiggle room to put some money away each month if we put our minds down to it.
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