Managing and Saving

Question

Do you think it's all about how or what you think of money that determines the way you manage and save it?  How do you save your money? What's truly worked for you?

Anonymous · Answer

My grandfather was from the depression generation and taught me to 1) save first & last each month and 2) take advantage of 'free money'. For me that means at least 10% of my salary goes into savings/investments each month, and I always join company 401Ks/Pensions. My monthly costs haven't increased in sync w my salary, so I have saved well over that 10% each  month for many years. Any left-over money at the end of the month also goes to savings, whether that is for retirement or for a specific goal, like buying a home. I have an excellent financial advisor whom I trust to manage my investments. Thanks to 30+ years of this strategy, I am well-placed for an early retirement. It was hard at the beginning, but it's worth it.

Ms Michele · Answer

I definitely take advantage of the company 401k match. I also put away a little for emergencies and for time off/vacations. It is getting hard right now because my son is in college, but I refuse to give into credit card debt!

Crystal Lopez · Answer

Thank you all for this awesome feedback. I definitely should have started these things long ago. Here’s to a much brighter and comfortable future!

Managing and Saving

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