Are you practicing the “pay yourself first” approach to saving? We have all heard over and over that the key to retirement is saving early and taking advantage of compounding interest. This is nothing new. But again, knowing what to do is quite different than actually doing it. For the Financial Slacker, this is even […]
Saving
Save Money by Simplifying Your Life
The most important advice you will get is “save money by starting early.” And that’s exactly what we did. When we started working, we invested into our 401(k) accounts and we saved our bonuses. Having a compensation plan with a substantial portion of our salary in the form of a bonus is a great automatic […]
Stop Spending and Start Saving
It mostly goes without saying, no matter how much you earn, if you don’t save your money, you will never reach financial independence. If you’re like many Financial Slackers, you earn and you spend. So you earn more and then you spend more. You continue this pattern until one day you wake up and realize […]