Learning how to save and budget your money is key to securing your financial future.
Saving money helps you retire the way you envision, pay for big purchases or vacations, avoid debt and prepare for unexpected emergencies. Saving for multiple goals is easier when you take advantage of tax advantaged savings opportunities and create a savings strategy.
A budget can help you keep track of spending, separate needs from wants and find extra money for financial priorities. If your goal is to save, it can be as simple as sending part of your paycheck to a savings account. If you don’t see the money, you won’t think to spend it.
Check out these calculators to start figuring out how much you need to save and what your returns could potentially look like based on when you start and how much you decide to save.
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