3 Steps That Will Save You $1000 This Year

Do you have a secret money stash?

You need and deserve one — so start now.

Over at Red Book i found this article I found Interesting.

STEP 1: Starting January 1, put aside $3 a day (weekends too!) for the entire year. You can slip three bucks into an envelope every night, schedule a weekly automatic transfer of $21 to a savings account, or move one big chunk all at once. But don't stop there — save $5 a day or more if you can, and definitely continue contributing to a 401(k) plan at work if you have one.

STEP 2: Fast-forward a year. What do you do with the $1,095 you've saved? Invest in the stock market through mutual funds by opening a Roth individual retirement account, or IRA, that allows your money to grow tax-free. I prefer Vanguard's STAR Fund or Schwab's Total Stock Market Index Fund: You can start with $1,000, and both charge low fees. The market will fluctuate, but many experts agree that these funds could give you a higher return rate than a bank savings account over a 20-year period.

STEP 3: Don't touch! If you're 35 and follow this plan until you hit 70, you'll have $129,342, if you earned an average six-percent annual return. It's not a fortune, but it'll give you a priceless sense of security about your future.

Something so small and easy to do!!

What small things are you doing to help with your future? I want to hear!!

What are your thoughts?!