Yusra3
VIP Contributor
Put aside 10% of your income each month. If you're saving money for your retirement, the most important thing is to set aside a specific amount of money every month. Once you have that amount in place, it's a lot easier to stick to the plan and avoid unnecessary spending.
The best way to do this is by setting up an automatic transfer from your bank account into an investment account, like a 401(k) or IRA. The more frequent you contribute, the better! The worst thing that can happen is that you forget about it and never get around to doing it. that's what happened to me! But if you're serious about saving for retirement, then don't let yourself fall into bad habits like that! You'll be glad you did when it's time for those last few years before retirement.
The best way to do this is by setting up an automatic transfer from your bank account into an investment account, like a 401(k) or IRA. The more frequent you contribute, the better! The worst thing that can happen is that you forget about it and never get around to doing it. that's what happened to me! But if you're serious about saving for retirement, then don't let yourself fall into bad habits like that! You'll be glad you did when it's time for those last few years before retirement.