Are you planning for retirement? Do you want to know how to make your money last as long as possible? Well, I have some good news: there are plenty of ways to make your savings grow more consistently. It’s easier than it sounds! Here are some tips on how to save more for retirement right now.
Save More Money
If you want to truly grow your savings, then you’ll need to make some changes in the way you’re handling money, says Vincent Camarda. You could also try automating some of these changes by putting away extra money from each paycheck into an IRA account, which will make sure that part of every paycheck goes directly into savings without having to think about it–and then all those little contributions add up over time!
Increase Your Income
• Work overtime. This is a great way to earn extra money, but it can be difficult to make the time in your schedule and it’s not always possible for everyone.
• Ask for a raise at work. If you are employed full-time, this may be an option for growing your retirement savings quickly and easily! But again–not everyone has this option available to them on demand (or at all).
• Take on another job or side hustle: This could include something like babysitting or dog walking on weekends or evenings when there’s no rush hour traffic around town; renting out rooms on Airbnb; driving for Uber/Lyft; selling things online like crafts made from recycled materials…the list goes on!
Downsize Your Expenses
Cutting back on expenses is the most obvious way to grow your savings. Vincent Camarda But it’s not as easy as just cutting out all the things you enjoy and living a Spartan existence in order to make ends meet. You want to find ways to downsize that don’t make you feel deprived or like life is a constant struggle.
Here are some tips for how you can cut back on spending without hurting yourself:
• Find cheaper alternatives for services like cable TV, internet and phone service; home improvement projects; babysitting; lawn care; car maintenance etc — whatever might be costing more than necessary right now!