You Can Save 1% More Every Month

 

1Can you save just a little bit more every month?

If you have reached financial security, you need to start building up some wealth. I strongly suggest that you have an initial goal of $1,000 in savings and then quickly build it up to $5,000 as a rainy day fund.

Here is a very simple way for you to do it.

In the first month, save 1% of your take home pay. So if your take home is $2,000, save $20. The next month save 2%, the following month 3% (or $60). By the time you are at month 20, you are saving 20% of your salary or $400 per month.

By doing this, you will become more slowly accustomed over time to save more and spend less.

 

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