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Small Savings Can Lead to Big Payoffs

March 20, 2014

MarchBlog2ImageWhen budgeting for the month, people often keep enough money to pay the regular bills–the mortgage, car payment, phone bill, etc. However, most people often forget about the most important check that should be written first. Regardless of profession or earning capability, the first check should always be written to yourself!

It is often said, “It’s not how much you make that matters; It’s how much you save.” Paying yourself first helps to squeeze the budget within the remaining funds. Most people in our society think that it’s the big purchases they should plan for, but they often forget to plan for the most important thing, securing their own future. Financial professionals suggest that setting up a monthly automatic transfer from your checking account to your retirement account is the best way to save for the future. (more…)