Article Abstract:
Those in their 20s who have a reasonable income and limited financial responsibilities should try to save 100 pounds sterling a month to accumulate at least 3,000 pounds sterling in an instant access account or cash individual savings account. It is worth joining an employer's pension scheme if this is possible, as it is important to begin saving for retirement as early as possible. For those in their 40s and 50s, it is worth building up a slush fund of savings, aiming for three times monthly spending. It is also important to check that life cover is adequate.
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Article Abstract:
Advice on choosing an individual savings account (Isa) is presented. Attention focuses on mini cash Isas and the tax exempt special savings accounts they replaced.
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Article Abstract:
Ways to reduce the cost of a mortgage are discussed. They include reducing the mortgage term and making early repayments.
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