People with student debt are taking longer to find that career job that’s going to pay enough to contribute to a 401(k).
A different approach to saving involves committing future raises to a retirement plan instead of a percentage of income.
Gradually increasing your savings rate can result in a fat retirement nest egg.
It’s never too soon — or too late — to introduce a young child to savings and bank savings accounts. That’s this year’s back-to-school message from the ABA Education Foundation, an affiliate of the American Bankers Association, and the ACA International Education Foundation, an affiliate of the Association of Credit and Collection Professionals. Both organizations
What’s more important: Paying off debt or increasing savings? The answer, of course, is “both,” according to Gail Cunningham, a spokeswoman for the National Foundation for Credit Counseling, or NFCC. “As important as it is to handle debt responsibly, the truth of the matter is that the unplanned emergency is inevitable, and savvy consumers will