Money Tip #1

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“Money” by Keith Cooper is licensed under CC 2.0.

There are few things in life I get really excited about. Money is one of them. I’m always on the lookout for a good financial podcast or new money blog. My husband (and probably many of you) think these are boring and dry, but I can’t get enough. Since I have historically not been great at posting on a regular basis I am going to start posting a money tip once a week in an effort to get myself back in the habit. I find myself watching entirely too many many shows online these days and since we recently added Netflix back into our budget I need something like writing to keep my mind engaged between episodes of Parenthood and Property Brothers.

Money Tip #1: Enroll in your workplace 401K. TODAY. Log into your Human Resources account from home if you can or set an alarm on your phone for your next scheduled shift and get the paperwork needed to start it. Most companies make the process really easy. If you already contribute to a 401K my stretch goal for you is to look into additionally contributing to an IRA.

Co-workers made fun of me at my first job out of college because I was always logging into my retirement account to check the balance. DO NOT listen to the people who tell you you’re too young to worry about retirement. Those people are probably poor and you should always be skeptical of financial advice given by poor people.

If you don’t have a 401K available at your job there are other options. Any of the big investment firms (Vanguard, Fidelity, T. Rowe Price, etc) have a whole team of people who can help you choose the right account for you. Saving for you future is important and you should start today. No excuses.

Don’t know what a 401K is? Need additional help? Feel free to ask questions in the comments section or send me an email and I’d be happy to point you in the right direction.