​This is How Much Money You Need to Save a Week to Become a Millionaire

It's actually pretty doable…

21 March, 2018
​This is How Much Money You Need to Save a Week to Become a Millionaire

Saving is hard and even the strongest of minds and the tightest of wallets can be pretty strugs when your rent is sky high… and your car loan… and your…

BUT, stop right there because we are all about to become millionaires - or at least take a step in the right direction.

Financial website This is Money has a calculator that predicts how long it will take you to become a millionaire if you save a certain mount of money each week, and the maths is actually pretty encouraging.

According to the website, if we put just £10 a week into a savings account from the day we started earning, with interest included, we would be millionaires by the time we hit 70.

And you might be thinking that that's quite late but, as we climb the career ladder, we could up that to £15 and bring our days of riches forward.

But, say you did start saving £10 (969 INR approx.) a week – what's that worth? Here are a few ideas…

  • Two and a quarter coffees
  • Two glasses of wine
  • That Saturday night Uber
  • One and half days of eat-out lunches (and that's optimistic)
  • A week's worth of your phone bill

You get the gist. Try the calculator for yourself here and see you at 70, fellow ballers. 

Credit: Cosmopolitan
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