While it’s tempting to give yourself a pat on the back for transferring some leftover cash to your savings account, the best tip Michelle Pearce-Burke, co-founder of Wealthify has ever received is to do things the other way round.

“Spend what you don’t save; don’t save what you don’t spend: if you approach savings as an afterthought, you’ll never get far,” she explains.

“Treat savings as importantly as any other outgoing and you’ll soon find you’re building up a good quality pot of money.

A good tactic is to set up a regular Direct Debit to go into your savings or investment account on pay day and then forget about it - after a while you won’t even miss the money.”

7 women in the know share the best money advice they've ever received