Did you know that the financial experts at Time advise the average person to save at least 15% of his or her income every year that he or she is employed? That’s a pretty large chunk of your earnings, and saving that much can seem impossible, especially if you’re struggling just to make ends meet. The good news, however, is that there are Naperville financial planning services, such as Platinum Financial Associates, that can help you to make the most out of the money you do save. Through Naperville investment services and other smart choices, you can put your savings to work for you. Of course, before you can do that, you have to cut back on your spending and find ways to get money from your wallet and into your savings account!
One surprising thing that many Naperville financial planning experts will advise is to cut back on your energy costs. The average American wastes a lot of unnecessary funds on heating, cooling, and general electricity costs. Taking smart, simple steps, like turning off lights when they’re not being used or unplugging appliances when you leave, can be extremely beneficial. Bigger moves, like adding insulation to your home or switching to energy efficient appliances, can also make a huge impact, though they do require an initial investment upfront.
Other money-saving tips that can help you to build up that nest egg include laying off of cable or subscription television in favor of online programming, going for a less-fancy cell phone and a lower cell phone bill, couponing for groceries and other necessities, and more.