Saving is hard and even
the strongest of minds and the tightest of wallets can be pretty strugs
when your rent is as high as your heating bill… and your student loan…
and your…
BUT, stop right there because we are all about to become millionaires - or at least take a step in the right direction.
Financial
website This is Money has a calculator that predicts how long it will
take you to become a millionaire if you save a certain mount of money
each week, and the maths is actually pretty encouraging.
According
to the website, if we put just £10 a week into a savings account from
the day we started earning, with interest included, we would be
millionaires by the time we hit 70.
And
you might be thinking that that's quite late but, as we climb the
career ladder, we could up that to £15 and bring our days of riches
forward.
But, say you did start saving £10 a week – what's that worth? Here are a few ideas…
- Two and a quarter coffees
- Two glasses of wine
- That Saturday night Uber
- One and half days of eat-out lunches (and that's optimistic)
- A week's worth of your phone bill