Save the Extra Paycheck
Are you paid weekly or bi-weekly? Then you receive an extra paycheck every now and then. If you want to start a retirement savings account. Commit to saving one of those “extra checks.”
I’ve always budgeted with a plan to receive four pay checks in a month and if bi-weekly, two. Since there are 52 weeks in a year there are 2 to 4 months where you get an extra paycheck. Receiving an extra paycheck gives you the perfect opportunity to save.
Unexpected costs do arise and I know many people use the money to cover the hole these expenses create. Set a goal to save at least one of those checks and you will be on your way to creating a retirement nest egg.
