[Tommy]

I got a 19% raise last year. I also cut spending deeply at the beginning of the year.

[Vickie]

Actually you should take 10% off the top and put in savings. A lesser % if you have to but pay yourself first!

[Rona]

I take 10% but it took me a looong time to get to this point. Your suggestion is great because like you said any amount is a good amount.

I use to do 5 to 10 bucks a check.

I couldn’t barely spare that and it saved me many times.

[Mark]

Unless the savings account pays higher interest than inflation you’re better off investing in CDs or mutual funds.

[Diana]

Years ago I got a 4% raise 3 yrs in a row and just added it to my 401k

[Michelle]

Move it over up front is even better, then move over anything additional at the end of the month as well

[Donna]

Always pay yourself first! 1st- build up a saving account. 2. Invest some of the $$ in savings into CD’s. Make your money work for you.

3. As you continue to pay yourself first and grow your savings, invest in a no load mutual fund with regularly monthly contributions.
Your money will continue to work you.

Then invest in stocks. Do your research. Avoid broker fees and purchase them directly from the transfer agent like ComputerShare. Some stocks have an initial investment of $100 with monthly investments of $25, $100, etc.

Research stocks that pay dividends the sign up for DRIP. (Dividend Reinvestment Income Program).

So Instead of receiving a dividend check either monthly, quarterly, semiannually or annual, reinvest those dividends to make your stock portfolio to grow.

[Author]

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