Spending vs. saving: how to find the perfect balance
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Becoming financially independent for the first time can be an exciting but overwhelming time. Whether you’ve received your first pay cheque or student loan instalment, it can be tempting to spend it all at once. But in reality, you’ll need to dedicate a significant portion of your income to rent, food and bills.
Research shows that 78% of students worry about making ends meet. Despite this, one in five have never budgeted.
After the essential costs have been paid, it’s important to devise a plan of how to utilise any spare money. Instead of impulse spending, you’ll thank yourself later for learning how to balance saving for your future with buying the occasional treat.
Bring in the experts
To find out the best ways to budget, save and spend money we decided to seek advice from the experts.
Caroline Domanska—income strategist and founder of Money Mindset Coach
Dennis Harhalakis—founder of Cambridge Money Coaching
Ashley Tate—chief executive officer at online student bill-sharing tool...
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