Most of the people I spoke to about their festive spending (including myself) hadn’t really saved anything or enough to carry them through the period; we all ended up dipping into our credit cards. This got me thinking about this years Christmas and how to save for it. There is better time than the present so the sooner I start the more I’ll save.
We are all trying to make a bit of money to live on and we also need to put away some of what we earn for retirement and other purposes. I signed up for the superannuation scheme that my employer offers but when it came to my personal savings I was a bit slow in jumping on the bandwagon.
Below are a couple of calculators you can use to see just how much you can save:
RaboDirect Savings Calculator
Money 101(CNN) Savings Calculator