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May 03 newsletter
Welcome to the Shape of Money's step-by-step guide to the secrets to wealth.
This month we look at another secret to wealth: saving. "A part of all you earn is yours to keep" (The Richest Man in Babylon)
We've all been saving power - now let's save some cash.
In order to achieve your financial goals,
you'll need to save. It sounds so obvious it surely can't be a
secret! But there are so many competing claims for your cash that
it can be difficult both to kick-start a savings programme and
to keep it going.
the Shape of Money has a useful topic, "A Guide to Becoming a Successful Saver", which contains tips and assistance to help you create a regular savings plan.
For many people, however, saving anything is just not possible. Not because they don't earn enough, but because spending is just too good and easy an option. Anecdotal evidence suggests that their best saving option is to seamlessly move money out of their bank accounts and into an investment which is locked in some form.
Why not check out the savings goal calculator to calculate the regular savings amount you'll need to achieve your financial goals?