Saving a portion of your salary increase

Saving a portion of your salary increase is Tip 18 from our ‘ Just one Financial Thing’ tip series. You can find the whole series here https://fhmanning.vps03.dev.inetservices.co.uk/just-one-financial-thing/ Hopefully, if you are employed, you are all fortunate enough to get an annual pay review. In recent times many have received inflation linked pay increases. Of course, when prices are rising like they have, the increases hopefully cushion the blow of rising fuel food and general household expenses. I acknowledge that this #JustOneFinancialThing tip is not always possible, but if you can, save half of your salary increase each month and spend half. If you do this every year you will gradually build up a regular savings amount and will find you have built up a sizeable emergency fund / nest egg for the future. If you can add this to an ISA or pension you will also benefit from the tax relief (although lose the accessibility)