The Financial Saving Infographic and tips

savings

by Alexander
Alexander & Co. introduced a very interesting infographic called The Financial Saving Guide: ISA’s, Banks and first time buyers.

According to this data savers say that money in the bank helps them toward their independence (84%), confidence for risk management (92%) and even being proud of their achievement (89%). However, 50% of Britons are quite unhappy with their savings and 33% are worried about it.

General Saving Tips:

1. Pay off all your credit card debts

2. Aim to sae 10% of your monthly wage

3. Write your financial goals down – increase your chances by 49%

4. Decide on Short/Medium, Long term goals.

5. Aim to save 6 months of take home pay for an emergency nest egg

6. Follow 90/10 rule – In case of big bonus, spend 10% and save 90%!

 

Will---Alexander-Financial Savers Guide