21 min listen
One Easy Trick to Boost Your Retirement Savings
FromThe YNAB Podcast
ratings:
Length:
6 minutes
Released:
Jun 26, 2023
Format:
Podcast episode
Description
We all know we need to save for retirement, but it can feel a long ways away. Savings can always wait while you deal with something more urgent, it seems, until all of a sudden retirement starts staring you in the face! The most important factors in saving for retirement are starting early, and consistency, Ernie reminds us. How do you create consistency? There's an easy trick. If you're not yet, start contributing something -- anything! -- to your retirement accounts now. That amount will be some percentage of your income. Each quarter, increase that percentage of your income you are contributing by 1%. It doesn't seem like much, but it adds up fast! And most importantly, it's a slow enough change that it gives you time to adjust. As one YNAB listener writes in, it doesn't even feel like you're missing the extra money, while at the same time it's encouraging to see your retirement accounts going up. We want to hear your YNAB stories! Please take a moment to tell us about your biggest budgeting wins here: https://youneedabudget.typeform.com/ynaber-stories Follow Ben and Ernie on the Budget Nerds Podcast Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345 Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6 Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Released:
Jun 26, 2023
Format:
Podcast episode
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