Recent data shows that European households are saving at their highest rates in years
As we start 2025, the new year presents an excellent opportunity to kickstart or revitalise your savings plan.
William Bergmar, finance editor at Credwise, shares his expert tips for achieving this savings target: For example, if your monthly after-tax income is €2,000, aim to save at least €400. Whether you prefer the envelope method, zero-based budgeting, or another system, the key is to find a strategy that works for you and stick to it.
Consider bundling services where possible, such as combining your home and auto insurance. Be ruthless with subscriptions – cancel those you don't use regularly. These combined efforts could potentially free up €150 - €200 monthly, adding up to €1,800 - €2,400 annually towards your savings goal.
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