22 Ideas for Finding Extra Savings for Retirement

By Elsie Dudukovich0 Comments

Author Robert J. Collier is quoted as saying, “Success is the sum of small efforts - repeated day in and day out,” This sentiment holds true for trying to achieve almost any goal.  One of the goals for National Retirement Security Week is to bring awareness to save for retirement. In this spirit, here are 22 ideas for finding or liberating ‘extra’ money to reach your maximum eligible contribution
  • Avoid convenience foods and fast food.
  • Avoid spending when you're stressed or feeling down.
  • Buy used or refurbished items.
  • Create and follow budget.
  • Cut spending as much as you can without feeling deprived.
  • Do price comparisons.
  • Don't dig yourself deeper into debt.
  • Evaluate housing costs.
  • nstall a programmable thermostat.
  • Install CFLs or LEDs wherever it makes sense.
  • Negotiate better interest rates on your credit cards.
  • Use a shopping list.
  • Quit smoking.
  • Automate your savings with payroll deductions
  • Save part of your tax refund.
  • Sell things you aren't using.
  • Cancel unused or underused subscriptions and memberships.
  • Try generic brands of products.
  • Pack your lunch.
  • Take advantage of free events and other entertainment.
  • Take advantage of the library.
  • Make the most of all the benefits at your work.