Save Money

Employer pension contributions can vary massively across different industries and different companies. A really generous, good employer pension contribution could be as much as 20% of your annual salary. But on average, you could expect between 7% – 14% contribution from your employer in the private sector. Some employers, particularly larger corporations, might offer very high pension contributions as a generous employee benefit. In contrast, small businesses may only offer the minimum mandatory contribution.

It’s important to consider whether the employer pension contribution at your current job (or prospective job) is in line with your goals for the future. For example, there is evidence to suggest that the average millennial will need £1,000,000 in their pension pot to retire comfortably at age 65. One million pounds sounds astronomical. But it’s important to remember that inflation rates will only increase over the course of your lifetime. It’s a good idea to get your pension sorted from the start of your working life.

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While kids observe us using cash less and less, and using contactless payments for most transactions, the value of money can become lost. Giving your kids their pocket money in cash becomes harder. There are only so many last minute scrabbles around the bottom of your bag or ‘IOUs’ that you can give your kid. With that in mind, RoosterMoney was created to help kids understand the value of money.

RoosterMoney combines a kids debit card with a pocket money app. It is designed to help teach children how to manage their money from a young age, and build positive financial habits for the future. Let’s dive into this RoosterMoney review and see if this pocket money app could be the right option for yourself and your family…

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*Items in this post are gifted, and have been marked with an asterisk.  

Being environmentally conscious and saving money can often go hand in hand. By swapping things that we dispose of everyday for more sustainable, reusable options, we are both preventing more waste from going to landfill, and also saving ourselves money in the long run.

There is usually an upfront cost associated with buying reusable products- but you will usually recoup that cost over the course of the item’s lifetime. Remember, change doesn’t happen overnight, and you may wish to gradually make these swaps and start with buying one reusable item a month, for example. And if you’re really keen to save money and live more frugally, you could even try making some of these items from home if you’re handy with a needle and thread!

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