If you’re a young consumer (and even if you’re not so young) you probably think to yourself all the time that you should be saving more money. The problem is that, on today’s starting salaries, it’s tough to put aside extra money. Add to that the fact that, as a young adults, there are a lot of temptations out there, and putting aside money might seem impossible.
The fact is however that, even if you can only save $100 a month, it’s definitely worth it.
The reason is simple; compound interest. Even a small amount of money, put aside for 20, 30, 40 years or more, can turn into quite a bit down the road.… Read the rest