Putting aside just an extra $25 a week can make a massive difference in your savings, if you make 2 smart choices
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- Even the smallest amount of savings can add up over time — say, $25 a week.
- Saving just $25 a week can make a huge difference if you make two smart choices: to set yourself up to save consistently, and to take advantage of compound interest.
- Auto-deposits can make savings consistent, and both high-yield savings accounts and brokerage accounts can help you get more from the money you save.Forty percent of Americans couldn’t afford a $400 emergency from savings, according to Federal Reserve data. A CareerBuilder survey found that 78% of full-time workers live paycheck to paycheck. This is a cycle Americans need to break.If you could carve out an extra $100 per month, or about $25 per week, what would that do for your savings? Quite a bit, if you make two smart choices: