If you’re not good at saving, it’s not your fault. Humans are hard-wired to focus on the present, so you have thousands of years of evolution to fight against. But there’s a way to win the fight. 1. Make it automatic. “The most important thing you can do right now,” says Beth Kobliner, author of...
There are numerous studies and theories about how much you should have saved for retirement, emergencies, necessities and other expenditures. For example, studies by Fidelity and T. Rowe Price do a nice job of showing some retirement savings benchmarks for where you need to be, starting at age 30. Both studies stress the need to start saving...