Merle van den Akker

Can Any Formula Tell You How Much Money To Save?

5 min read

We are led to believe that there is a way to properly prepare for any financial disaster. But in the current (rapidly changing) economic climate, is that still true? Not too long ago I wrote about the “75k will make you happy article.” Now I have set some serious question marks next to that article, but I won’t dive into that here. Here, I would like to dive into an even stronger numerical plague: the amount of money you should have set aside, by age. No one wants to hear that they are 5 years behind on preparing for their…...

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Merle van den Akker Merle van den Akker is a PhD student in Behavioural Science, at the Warwick Business School. She studies the effect different payment methods, especially contactless and mobile methods, have on how e manage our personal finances. In her "free" time she writes articles on personal finance, behavioural science, behavioural finance and life as a PhD student, these are all published on Money on the Mind. With DDI, she writes on personal and behavioural finance, to ensure that knowledge from academia trickles into the mainsteam, and can help as many people as possible!
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