A recent report has revealed that young people are saving nowhere near as much as they should. Instead, they are overspending in silly areas and not preparing for the future at all. If this sounds familiar, you need to make a change. You need to make sure that you’re going to have enough money in your bank account for your twilight years. There are easy ways to do this.
Buy Some Penny Stocks
If you’re terrible at saving, you may want to think about buying some penny stocks. The whole point of these cheap stocks is that they are not investments that need much thought or attention. Once you buy a penny stock, you can leave it and let it grow. If it does, in a few years most of your money troubles will be over. If it doesn’t, well then you need to look at other options.
Cut Out The Overspending
We are overspending in life in so many different ways it’s hard to tackle them all. Take your mobile phone as an example. You probably waste a fortune upgrading your mobile phone every so often. Some people upgrade once a year for hundreds of pounds. And even if you don’t you could be spending as much as thirty a month on a contract.
That might not seem like a lot of money, but it’s adding up. Just think about how much you’d save if you recycled your current phone and bought a cheaper, simpler model. You can find out all about recycling mobiles in the following infographic.
Infographic Created By My Trendy Phone