With this infographic, EvolveMyRetirement wanted to show the ludicrous timescales it would take for you to save for common things; smartphones, trips and computers – if you only saved a small amount of money a month. As the infographic shows, it seems pretty pointless saving such a small amount. Increasing your monthly savings by 150% doesn’t seem to help much either. Even by saving significant amounts, the down payment on a home could be over a decade away. So what’s the point in saving?
Saving isn’t about getting yourself big ticket items. It’s about growing your financial security, moving towards independence or at the very least, enjoying a comfortable life. Is there any way you can achieve that with a tiny budget? EvolveMyRetirement.com shows you how you can make a little go a long way.