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My dad told me to put 15% into my 403(b) from my first paycheck, and I'm so glad I listened.
He said the power of starting early, even on a teacher's salary, would beat trying to catch up later. I started at 24 with just $200 a month going in automatically. Now, ten years later, that account is over $40,000 and I barely even notice the money is gone. Anyone else have a piece of simple advice that really paid off long-term?
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wadepalmer2mo ago
Barely even notice the money is gone" is the real trick. My version was setting up a separate savings account for car repairs that a tiny bit goes into each month.
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briannguyen5d agoMost Upvoted
Oh man, that reminds me of my buddy who set up a separate account for concert tickets. He puts like five bucks in every week and uses it whenever his favorite band rolls through town. Works pretty good until a reunion tour drops and you gotta double up for a few months.
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jade6182mo ago
My car fund gets drained so fast it's basically a subscription service lol.
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