Topic: Saving
4 posts tagged “Saving”.
Pay Yourself First
The oldest rule in personal finance, and still the most powerful. Save the slice off the top the moment you are paid, then live on the rest — so your future is funded before today's spending gets a vote.
Your Savings Rate Is the Number That Matters Most
You cannot control your salary or your investment returns, but you can control the share of income you keep. Morgan Housel argues that your savings rate — not your income, not your cleverness with investments — is the lever that decides most outcomes.
Sinking Funds: Saving Ahead for Known Bills
The lumpy bills you know are coming — insurance premiums, road tax, the year-end trip — wreck budgets only because you wait for them. A sinking fund smooths them out: save a little each month into a named pot, so the big bill is already paid for when it lands.
Lifestyle Creep and Parkinson's Law
As income rises, spending quietly rises to meet it — a pay rise becomes a nicer car, a bigger flat, pricier habits, and the savings rate never improves. This is lifestyle creep, and the antidote is to intercept each raise before it is absorbed.