Grad Bites: Saving for Your Future
Dennis Harhalakis is the Founder of Cambridge Money Coaching. He coaches people to transform the way they think about money, helping to reduce the stress around managing finances, and enabling them to make better financial decisions. We asked Dennis how young people should approach building future financial security for themselves. In this short video, he covers the following topics:
- What you should consider when thinking about long-term financial security
- Tips on savings, including building an emergency fund and putting money into tax-free ISAs
- When and how to save for a pension
- How to balance spending now and enjoying today, vs saving for the future
Also, take a look at Dennis’s video on investing, as another key way of building future wealth.
More from Dennis:
We have produced a series of videos and blogs with Dennis, in which he explains how to build a positive, healthy relationship with money and deals with specific financial topics.
Grad Bites: Developing Positive Financial Behaviours
How certain positive financial behaviours can enable you to stay in control of your finances, to build wealth & financial security for the future
Grad Bites: Introduction to Investing
Dennis discusses a simple approach to investing in the stock market, to build wealth over time
Grad Bites: Dealing with Debt
Key pointers on managing money & dealing with debt, including the difference between good & bad
Grad Bites: Managing Money when You’re Self-Employed
A guide for self-employed people on managing your money, including how to charge for your work
Grad Bites: Money and Me – Understanding our Relationship with Money
Why people feel overwhelmed by finance & how to build a healthy relationship with money
More on Saving for Your Future:
When to Save
Once you’re earning a sufficient amount & have paid off high-interest debts, what should you do with any spare cash?
How to Start Saving – MoneySavingExpert
Want to start saving but don’t know where to put your money? This guide explores all the different savings options to help you decide what will suit you best
Pensions Basics – MoneyHelper
If you’re new to thinking about pensions, here’s a guide to types of pensions – including for the self-
employed, advantages over regular savings accounts etc.