this post was submitted on 22 Dec 2024
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[โ€“] vk6flab@lemmy.radio 18 points 3 weeks ago (3 children)

Automatically transfer all excess funds into a separate account with penalties for withdrawal.

[โ€“] TIN 2 points 3 weeks ago

This was always my approach - as soon as you get a pay rise, increase the amount going to savings.

Never had it, don't miss it.

As for how long to leave it in savings, totally different question and depends on what you want from life.

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