Retirement - Saving Tips

Saving Tips

Start Early
Even Small Increases in Savings Can Make a Difference
Review Your Asset Allocation
Defer Big Ticket Purchases
Control Credit Card Debt


	Now that you have a clearer picture on how much to save, it is important that you save effectively to make your money work harder, and go further. Here are some simple tips to help you:

	i. Start Early
	The earlier you start to save, the larger your eventual retirement pot should be. more

	ii. Even Small Increases in Savings Can Make a Difference
	An important part of retirement saving is the ability to find the extra money to set aside more

	iii. Review your asset allocation
	To build a firm foundation for retirement you need to establish the appropriate mix of investments by blending equities, bonds and cash in the same portfolio. more

	iv. Defer "big ticket" purchases
	Any long-term savings plan has to be designed to cope with major financial outlays. more

	v. Control credit card debt
	Another effective way to save money is to control credit card debt. more