Reaching your long-term savings goals can seem daunting, but you can get far by taking small steps — start by making regular saving a habit. Here are some simple ideas you can build into each day, week, or month.
- Decide on a dollar amount (or percentage) you’ll set aside from each paycheck. To make things even easier, ask your employer to set-up payroll deduction that goes right into your savings account.
- Take your lunch to work at least once a week, and when you do, add $5 (or $10 if that’s what you would typically spend) to your savings account.
- If you receive a tax refund, add at least half of it to your savings account.
While these seem like small actions, they can add up. You’ll be surprised, and pleased, to see how much you’ve been able to save over a year, and by then, you’ll also have a great savings habit firmly in place.
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