When thinking about how to improve your saving and spending habits, it is common to devise an overly restrictive and impractical plan that you won’t likely stick with in the long term. Instead of swearing off shopping or restaurants for eternity—a strategy you’re bound to break before the end of the week—try these small changes…
You’ve just landed your first job—congratulations! Now what’s next? Retirement! No, seriously, you should start planning now. Young, new employees often think about the idea of saving for retirement long before they actually do anything about it, often missing out on some big savings opportunities.
Consider this fun fact: If you had put one dollar in a jar in 1976, it would be worth about 23 cents today. In just 40 years, thanks to inflation, your buying power has shrunk by over 75 percent. Think of it as the incredible disappearing money trick. Over your working years, without proper financial…
When you’re in your 20s, and someone reminds you to start saving for retirement, mostly what you hear is, “blah blah blah.” You toss that bit of advice into your Words of Wisdom box, along with “eat your vegetables” and “go to the dentist twice a year,” and tell yourself you’ll worry about that later….
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