IT DEPENDS!! 

Compound Interest

“Here’s an example of how compounding works: If I give you a penny every day and promise to double it, at the end of a month you would have (drumroll) over $10 million.”

What is a good strategy to help you save?

• DO have savings automatically deducted from your paycheck

• DON'T tap into your savings on a regular basis to purchase small items, like snacks

• DON'T spend money on all expenses 1st and then put the rest into saving

• DON'T keep your spending and saving money together in 1 account

To budget for the unexpected, you should include an emergency fund

I'm not done yet

I'll come back and keep working on savings