MEPX
Chapter 8 of 10All chapters
  1. 1Knowing your cashflow
  2. 2The emergency fund
  3. 3Debt
  4. 4Saving and compounding
  5. 5Housing and large costs
  6. 6Insurance
  7. 7Tax and payslips
  8. 8Long-term saving
  9. 9Fraud and pressure
  10. 10Making it stick

Chapter 8 of 10

Long-term saving

The very long game.

Why start early

Contributions made in your twenties have decades to compound, which is why they outweigh far larger contributions made later. Time is the input you cannot buy back.

  • Regular automatic contributions beat trying to time anything.
  • Increasing the contribution with each pay rise is the least painful route.

Costs matter

An annual fee difference of one percent compounds into a large share of the final amount over forty years. It is one of the few variables entirely within your control.