"25 + 1 Ways to Make Money For Retirement"," The brief goes on to say that they are at risk of not having even enough funds to cover the most basic retirement expenses like food, utilities & health care.
So, to help you start thinking about saving and investing, here are 25+1 ways to get you started:
1. Sometimes billers will make mistakes.
2. Combine errands.
3. Electronics today are usually very good.
Do you really want the hassle to claim repairs for a $15 toaster?
4. Lowering your APR from 7% to 6.
Also, paying two points instead of three can save an additional $1K.
5. Be aware that some credit cards with cash back, travel awards or rebates may carry higher interest rates or other fees.
6. You can save hundreds of dollars a year by measuring price-per-ounce on shelf labels in food stores and stock up on them!
7. There are often hidden fees in contracts, insurances and whatnot that are unnecessary as services.
8. Ask yourself - do I really need this? If you're at the department store and find a great sale on a gas grill with all the bells and whistles, say to yourself - do you need it? My point exactly.
9. Start up a fruit and vegetable garden.
10. Sometimes you may be charged double by mistake or for items you didn't buy.
11. Pay your credit card bills in full every month.
12. If you really want to buy an item, check out a few stores and ask what's the lowest price they could give you.
13. Nowadays, restaurants provide large portions that sometimes can't be eaten all at one time.
14. Look at the back of the label - the ingredients are exactly the same.
15. Living frugally doesn't mean that you have to be a homebody.
16. Taxpayers can use their refunds to purchase Series I savings bonds by checking a box on their tax returns.
17. Keep charity receipts.
18. You could save hundreds of dollars a year when shopping at lower price food stores.
19. Drop the phone options.
20. Keep your credit cards at home and take only what you need.
21. Cut back on dining out.
22. If you really want to keep going out, try checking out other restaurants that are much cheaper.
23. Buy in bulk. More often than not, it's cheaper to buy in bulk.
24. Pick out one or two you like the most (ok, no more than three) and cancel the rest of the subscriptions or at least, don't renew them when the time comes.
Not keeping track of your checking account can easily cost you money from overdraft fees.
+ 1 more: Don't get divorced.
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