Hat tip to JD for pointing out that it’s National Save for Retirement Week.
For individuals, they have a resource page of Adobe PDF documents you can download and read. I especially liked the one-sheet files for young people under 35 and for those earning a low income.
I encourage everyone to save some money this week, even if it’s only a little bit.
1. I will be putting in my weekly $5 to short term liquid savings. (Something I do on top of my retirement savings and some other monthly savings I do.)
2. I also put $5 into my piggy bank after I got back from my trip this weekend.
3. I will be saving money indirectly by being frugal this week and dining out less. (Yesterday I spent $2.50 on some lunch, and $1.40 on breakfast. Two more Almost No Spend Days)
As I talk with my girlfriends about money, I find that most of them learned how to be good savers from their moms. So if you are a mom, do something this week to teach your kids to save money. You’re the best example your child has to build a good habit.
Remember, as Boston Gal says, “Today is a great day to start saving.”
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My retirement withholding starts this week, and nominal deposits to my savings account start this week, too. But I like the idea of saving $5 a week for short term funds – that’s cool!
Nice. We’re saving money to start a Roth…but for now we’re still getting up to the $1000 to start it off.
P.S. Know what else this week is? It’s DC pf blogger happy hour week!!!