Once you have your emergency fund, you should keep on saving. A good goal is to be putting aside at least 10% of your earnings each month (or as you can afford it if your earnings are variable). Aim for 5% to begin with and build it up. You can save up for anything you want, for example to pay for a wedding or to have enough money to invest in something specific.

It’s important to set savings goals so you know what you’re aiming for – more on how to do this later.