Putting money regularly into savings really does add up.
I did a few calculations and here are the results:
If you had put $50 into a savings account with an APR of just 4%, every week, starting at age 25, you would have $237,224 at age 65!
Even if you could only put $25 a week in, you would still come out with $118,612 when you hit your golden years.
Definitely a good thing as Martha would say! ;)
Aug 18, 2007
That's a Regret for Me Too! by: Anonymous
I agree. Of course, if I'd worked consistently when I was young, I'd be very well off now. But I traveled, lounged about, quit jobs when I didn't enjoy them...
