What is the Best Age to start Saving Money?

   The answer to the question ‘What is the best age to start saving money?’ is manifold. The best thing to do is to look at your personal financial situation as well as your motivation behind your saving plans and in this article we will take an in-depth look at the various aspects of saving money.

Are your saving goals long term or short term?

   Are you looking to go on an exotic holiday or have you seen an expensive pair of shoes that you absolutely must have? Those would be your shortterm saving goals. If you want to buy a new car or even your first house, then we’re looking at long-term saving goals. While short-term goals are those that can be reached within a period of 6 months to a year, long-term goals take 5 years or longer to reach, such as saving for retirement. Shortterm saving goals require action immediately, such as when building savings....