IT'$ MY MONEY™
  • Home
  • About
  • Services
  • Resources
  • Podcast
  • Blog
  • Shop
  • Contact
  • Home
  • About
  • Services
  • Resources
  • Podcast
  • Blog
  • Shop
  • Contact

WELCOME TO THE IT'$ MY MONEY

BLOG

Want to Guest Blog? Click here!

Categories

All
Flights
Grants
Holiday
Online
Real Estate
Retirement
Save
Saving
Side Hustles
Small Business
Travel

Retirement 101: Start Saving

7/19/2022

0 Comments

 
Picture
This post may contain affiliate links which may compensate us based on your interaction at no cost to you. Please read the disclosures for more information
It doesn’t matter your age. Everyone can benefit from saving for retirement. There are many different ways to save for retirement. Like budgeting, spending differently, and much more. Forget about what you haven’t done in the past. It’s never too late to save for retirement. Take the first step by following my tips on not to start saving for retirement!

​Budgeting 
Try out this budgeting exercise. Determine your income and how much you put towards expenses. You’ll have a clear understanding of your financial situation and find areas you can save in.
Start budgeting using the Qube Money app that allows you to make personalized digital budgeting envelopes.
Reduce Spending
Ask yourself this question. What am I spending my money on? There could be ways to reduce your spending in your everyday routine. An example could be grocery shopping. Instead of buying brand name products, switch it out for knock-off brand products. Most often, these products are produced in the same facility only with different labels. Find cheaper ways to do things in your daily life. We also have free, downloadable budget sheets that can help you. Grab one.

Automate Your Paycheck
Think about automating your paycheck into your bank account. You can access your employees online portal to set an amount or percentage of your paycheck to be automatically put into your savings. That way, you won’t be tempted to spend what you originally wanted to save.

Picture
Diversify Your Finances
Find ways to make your money work for you. You can diversify your money in a variety of different ways. Consider putting your money into a 401K, especially if your employer matches a certain percentage. You could open a Roth IRA and even start investing. Check out the course Master The Market 101 for a beginners guide to investing!

Monetize Your Skills
Find ways to earn passive income by monetizing your skills. What are you good at? What do you love doing? Start a side hustle based on your skills and watch your savings increase.

​You can watch my full interview on tips for saving for retirement with Mr. Alfred Edmund, of Black Enterprise 
YouTube.

0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    October 2019
    August 2019
    July 2019
    June 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    July 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    July 2017
    June 2017
    April 2017
    March 2017
    February 2017
    January 2017
    October 2016

    Categories

    All
    Flights
    Grants
    Holiday
    Online
    Real Estate
    Retirement
    Save
    Saving
    Side Hustles
    Small Business
    Travel

    RSS Feed

disclaimer.pdf
Created by Jasmine Chanelle
Want to Guest Blog? Click here!