Happy Thanksgiving! PLEASE NOTE:
CalCPA offices will be closed Thursday, Nov. 25 and Friday, Nov. 26, for Thanksgiving.CalCPA’s Customer Success team—and chat—will be back on Monday, Nov. 29.
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It can be tough to remember to save, but there are a number of ways to make it easier. First, sign up for the automatic savings option at your bank. Even if you only have the bank transfer a few dollars a week from your checking to your savings account, you’ll be pleasantly surprised at how much you’ve accumulated at the end of the year.
Another nice surprise: the amount of money that will build up over time if you sign up for automatic payments to your company’s employee retirement savings plan. Once again, even small regular contributions can grow into a substantial nest egg by the time you’re ready to retire. If your employer matches some or all of your contribution, try to take full advantage of the offer. Otherwise, you are turning down a free addition to your future wealth.
Setting up—and maintaining—good savings habits is one of the many financial challenges that families face. Remember that your local CPA can help. Turn to him or her with all your financial concerns and questions.
Copyright 2011 American Institute of Certified Public Accountants.