Everyone has an excuse to put off saving. You’re waiting until after the holidays, or until you pay off your credit card, or until the economy improves. Does this sound like you? The article, There’s No Perfect Time to Start Saving on Banks.com, states what I’ve been telling people for years. So many individuals of every age and income level are waiting for that “perfect” time to save, but the truth is, the perfect time to save is NOW. No matter what your income level I bet you can put a few dollars into an interest-bearing account each month.
Waiting for interest rates to rise again? Don’t hold your breath. I’ve only seen mine go down in the last few years. While interest is a wonderful way to make your money work for you, the main point is to get in the habit of saving. The “perfect” time to save will most likely never arrive. While financial experts recommend saving 10% of your income, every bit helps. Make a goal to put something into savings every month and you’ll be well on your way to a healthier financial future.
Read the full article here.