When I worked for a high street bank I was taught all about standing orders. These allow you to pay the same amount of money to the same person/company on a continuous basis. It’s a regular commitment.
Whenever a new customer opened up a current account with us we encouraged them to open up a savings account too. Then we’d set up a standing order to transfer a small amount to their new savings account on the day after payday.
Transfer £50 every month and after 12 months those small little deposits mount up to £600. Not a bad little sum: ideal to put towards Christmas, or perhaps a summer holiday.
What I didn’t realise when I embarked on my freelance writing career was that writers should make standing orders too. Not financial ones, but time and word standing orders. Read the rest of this entry »
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