DeFina Realty Weblog

1. Get rid of debt
   • Bad debt (credit card or expensive car payments) can be a barrier to savings. Create a payment plan and when you are done paying it off start saving the same amount.
2. Save big on the small Stuff
   • Look at your spending habits and you can find ways to save a few extra dollars. Skip vending machine trips at work and bringing your lunch to work few times a week. Putting $62 a month in your retirement account at 8% interest per year could save you over $60,000 in 25 years.
3. Shop from a list
   • Do your self a favor and make a list before you head to the store. Start with a list that fits your budget, then stick to it. You will find your shopping is under control and your bank account in better shape.
4. Save more in your retirement plan when you get a raise
   • Increase your savings by 1% after each raise makes savings simple and painless. A neighbor of mine did this and she was able to retire at 51.
5. Get the full match
   • Put enough dollars into your company plan to achieve the full company match. It is easy and free money.

Reviewed from StandardRetirement Services, Inc.