Small savings can really add up. If you can commit to saving just a little bit, but do it on a regular schedule, you have a chance to improve your financial life in the years to come.
You need some discipline and patience. But your small, regular contributions can turn into a tidy sum with time. You may not think that putting away $25, $50, or $100 a month will do you any good, but look some simple examples.
If you would like to run your own illustration, you can use this simple savings calculator that we found on the net. It is totally free to use, so you don’t have to worry about more of your savings getting used up!
Can you put away $100 a month? Even if you can only get 2% interest and set aside $100 a month, in 5 years you should have over $6k socked away. Even you can save more, or get better returns, you should do a lot better.
Does a hundred bucks a month sound like too much? That is $25 a week. For most of us, we could exchange one dinner out for a nice meal at home to save that much money.