How much money do you need to save every day to become financially secure?

All working class men and women, whether they are close to retirement age or have just begun their careers, have thought about their financial future.

Good news!

There is one small system you can put into place that will ensure you never have to worry about money again.

“The key to financially secure your future comes down to saving small amounts every day,” says Bob Stark, the commercial director at pension advice specialist, Portafina.

He recommends saving $10 a day to enjoy a retirement free of financial worries.



Stark suggests the best way is to start saving from an early age and it depends on the amount that one can afford.

For example, a 20-year-old should save $10 a day which means retiring on a living wage of $16,500. But for instance, if one wants to end up with a little extra though, then putting away $23 a day could end you up with $27,500.

It’s never too late to start saving. If we wait to save until 30, then the amount that needs to be saved is $30 in order to catch up, explains Stark.

Can you do it?

This article originally appeared on The Independent