Did you know we are in the midst of “America Saves Week”? The site most celebrating this holiday, AmericaSaves.org, published an interesting article this week on 20-somethings and their money mistakes. While I find myself in this category and save quite well – the article does offer some nice insight for money management at any age.
The hardest step is starting. You don’t have to contribute $1,000 a month to be a “saver.” Donating just $50 a month would have you saving nearly $3,000 in five years, plus interest. And compound interest? Starting to save for retirement at 25 versus 35 can be a difference of 10%! Lastly, many confuse a “robust checking account” with saving. It’s not, it’s storing. You are less like to splurge with money from your savings, and using SmartyPig keeps your money just enough out of reach to avoid temptation.
Whether you’re 22 or 52, it’s never too late to start saving. Using SmartyPig not only helps you reach your goals, debt free, but we reward you too. Cash back offers on top of competitive interest. And when it comes time to spend, options like our Cash Rewards Card, help you do that responsibly, as well.
Celebrate America Saves Week and start a new goal today!
Wishing you successful saving.
Sarah Foss, SmartyPig’s Media Mad Woman