How much of your salary you should save will depend on how much you earn and what you’re saving for. As the cost of living remains high, it can be tricky to know how to manage your salary and build your savings at the same time.
Creating a budget
The first step in learning how to save money is setting up a budget. A budget includes how much money you have, and what you plan to spend and save.
It’s a good idea to check your income and outgoings often. That way, you know where your wage is going. If something changes, you can update your budget.
Use our budget calculator to work out how much you may have left to save.