Stretched to the max every month and wondering how to come up with the cash to save? Here’s a tip on getting started.
Save that raise, or at least part of it. Whenever your employer ups your paycheck, no matter how meager the raise, take at least half that extra amount and use it to fund your long-term, mid-term, and long-term “buckets”. Think of it this way: Even if you only get a 2% raise, if you save half of it for five years in a row, you’ve just increased your savings level by 5%.