|Saving is not something you do.
It's something that happens to you as a consequence of how you
What is 'Saving'?
Saving happens when your income exceeds your
expenditure. So it's a consequence of three sets of decisions:
- your lifestyle choices, which set your spending
- your work habits and career choices, which
set your earned income, and
- your past saving and investment decisions, which
set your investment income.
The consequence of saving is 'savings'. The act of
directing your savings is 'investment'. 95% of financial advice
concentrates on investment, because that's the fun part (and the
part that makes money for the financial services industry). We think
that 95% of your concentration should
be on saving - the process by which you take in more than you give
We are not qualified to give you any advice on this.
But we think it so important that we have a separate page, Life
and Work, on which we will accumulate links and sources as we learn