An increase in your earnings could kickstart your savings. With the ever-increasing cost of living, saving or investing may be more of a bucket list item than an essential part of your monthly budget. Any salary increase is quickly absorbed by rising costs, but you should not ignore the importance of having a savings or investment plan.
Saving needs to be a priority for the things you want to acquire in the short-term and investing needs to be prioritized for long-term goals and for your future.
