Save £3 a day for a good money month
Published On 30 January 2007
A saving of £3 a day is all that is needed to make every month of the year a 'good money month', according findings from Fool.co.uk.The financial comparison website found that one in seven people claim to keep their finances in good shape throughout the year.
Of these, one in ten said that they are in the habit of putting aside five per cent of their salary each month to protect them against the unexpected.
David Kuo, head of personal finance at Fool, said: "Unexpected events can stretch even the best-intentioned budget to breaking point."
He continued: "In most instances, a five per cent emergency provision is all it takes to cover unexpected events. On average, this simply means putting aside £3.19 a day, which is less than the cost of an up-market lunchtime sandwich."
December and January are the two worst months of the year according to the findings.
Of the respondents, twice as many men claimed they do not experience a bad money month at any point in the year.
