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%!
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.