"That way you’ll be less likely to spend it instead of saving it. Focus on keeping investment costs low, investing passively not actively. Start today, and chip away at your goal."
He adds that saving for a house and a pension pot are not the only areas that need attention. In fact, he comments that life assurance and a will are also essential for anyone with any dependents.
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Aamina Zafar is a freelance financial journalist
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