10 Saving And Investing Tips For All Ages
At a time when inflation has come down, yet fears of a recession loom, many Americans are looking for ways to devote more money to their savings and investments. Two significant ways you can accomplish this are by increasing your income and cutting your spending.
Whether you’re a young adult ready to start up a retirement fund, a 50-something adult ready to pay off your mortgage, or a senior citizen living on a fixed income, these savings and investing tips can help you build savings, reduce debt, boost income and invest wisely.
1. Pay yourself first
Save part of your monthly income as soon as you get it, rather than setting aside whatever’s left over.
One way to make paying yourself a priority is to set up automatic…
