We know that saving, especially for retirement, isn’t easy! That’s why the editors of AARP The Magazine created a digital magazine all about savings and retirement. AARP The Magazine’s Special Money & Retirement digital issue is here to help you better save for what lies ahead. Post your favorite savings tip in the discussion below. Just by posting you’ll be entered for a chance to win the grand prize of $1,000!
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I keep a change jar and convert coins to cash which goes to my account regularly. It's amazing how quickly it grows to substantial amounts. I also give more thought and time to purchases to determine if they're things I really need or not. That has helped curb any frivolous spending - even sometimes after I've toted them through the store for a half hour but put them back before checkout. And I avoid the $1 bins near Target stores entrances! Too tempting.
its very hard with grown children still at home, although i only pay for utilities and the mortgage which i would be any way. but i try to pay myself first whether large or small, it does add up. i should be able to move in 3 years, even the kiddies are not ready i told them that when im ready, im going.
I agree. I started when I was 30. Not only placing a small amount into a savings account (which I still own) but I also designated a large, water cooler bottle, since I was 35 and have emptied and rolled more than a thousand dollars over the cours of 25 years. My plan was to simply deposit any quarters out of loose change, into the bottle. It's now a ritual and until the bottle is filled to the top, nothing comes out. When full & emptied, I roll every quarter and then deposit into my savings account. Over the years my wife and I have enjoyed special ocassions just a little bit more, thanks to my water cooler bottle!
In fact, don't use ATMS. It is too easy to withdraw money. Set up a weekly budget for spending on non-essentials, withdraw that amount weekly and use only that amount that week. If you run out early then go without. That way you will almost guarantee that you are saving some money and living within your means. My wife and I have been doing it this way since we were married 44 years ago. We both take out the same each month for personal, non-essentials, to do with what we want. This amount includes our lunch funds for work. It has worked marvelously and we will be able to continue to do it during retirement because our discipline has allowed us to save.
theaves wrote: "...Do not pay ATM fees. Get you cash from the bank teller.....".
I'm with you. Never had a debit card, have never used an ATM, even for traveling overseas. There is very little need for anyone to use much cash unless you are unable to get a credit card. We go to the bank every few months to get cash, and that's about it. If you have the option, cash at home is far safer than using a debit card.
"...Why is everyone a victim? Take personal responsibility for your life..."
If you will be traveling overseas, first check out your credit cards for the amount of "foreign transaction fees"; I have one card that doesn't have ANY of these fees, so that's the only one I use overseas.