Saving for retirement is one of the most important things you can do when you are working and it is vital that you start early. You need to make a budget and learn how to eliminate the things that you don’t need and focus on saving as much money as possible. And when you cut unnecessary expenses out of your budget, you can pour that money right into your 401k. For options on retirement savings, check out 401k.com as they have a plethora of options to meet any retirement savers needs.
When you first enter the working world, you may not be able to handle your first few paychecks. Having all that money at once can cause you to think that you have way more capital than you actually have. Being a conservative in the fiscal sense is a very valuable outlook to have in life. Always consider what it might be like to have a rainy day and you will be able to sock away enough money to survive a stormy season in your life. And funding that 401k along the way will make sure that your retirement will be smooth sailing.
One of the best ways to start saving money is to learn how to cook. And not just learn all of Julia Child’s recipes or plow your way through Martha Stewart’s cookbooks. You want to be able to squeeze every last dollar out of the food that you buy. Learn how to avoid food waste. Always be on the lookout for inexpensive proteins. Be able to be satisfied with rice and beans for dinner when your friends are going out for steak.
Taking expensive restaurants out of your budget is a great way to put extra money into your 401k. The more you spend on tacos and tapas, the less you have in your retirement account to grow for your golden years. While all your friends are out drinking and sampling the nightlife around your city, learn how to score great deals at the grocery store and how to stretch a dollar at the butcher counter.
Meat can be expensive, so learning how to treat it right and get as many meals as you can out of it is important. Take the roast chicken for example. It can provide you with many great meals, if you spend $8-$10 on it at the hot foods counter at the grocery store, but if you learn how to cook your own and how to break it down, you can save money and have a sense of accomplishment. You can have the chicken for dinner one night, leftover chicken tacos the next night and chicken salad for lunch at work. Don’t forget to save those bones. When you learn how easy it is to make stock, you will never buy it again. Homemade chicken soup is always good for what ails you.
Buy your rice in bulk and your beans dried. Learn how to make rice and beans for dinner and you have the base for tasty meals for a whole week and you can keep your grocery budget super low. The best part of leftover rice? Fried rice. It is simple to throw together leftover rice, frozen veggies, eggs, oil, soy sauce and salt and pepper for a dish that will rival any takeout joint on your block. And? No MSG.
Saving money for your 401k doesn’t have to be boring. You can be a real smart shopper and a savvy cook with your ingredients. And you will cook yourself up a really nice nest egg to sustain you as hit your golden years.
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