Starting to save for retirement can seem daunting, but it's doable with a few simple steps. when I kick things off, I set up a small automatic transfer to my retirement account each month. Even if it will be just a few bucks, it will add up faster than you have expected. I will also make sure to grab any free money from my employer's match program-it like they are giving you a bonus just for saving. Another trick is to budget a little for retirement, treating it like any other must-do expense. It's easy to put off, but even tiny regular deposits grow into something substantial over time. Just get started and let time work its magic.
Best ways to start saving for retirement
- Thread starter ekta
- Start date
I have started savings for retirement for a number of years. I put a portion of my earnings into a fixed deposit account every month. Due to the compound effect, I'm glad that the balance in the account has increased quite substantially.
I saved some money during the pandemic, which makes me really happy. It is not a huge amount, but it is a significant improvement from before when I did not have any savings at all. I am still saving up to this day.
I think that the best way to save for retirement would just be to contribute to a pension scheme.
