3 Easy Things You Can Do To Save for Retirement

From our first day on our post education careers, we are worried with the burden of retirement savings. We constantly ask ourselves, “Are we saving enough?” For the majority of us, saving money is hard to do. With the rising cost of living, it makes putting back money every month almost impossible. I will outline 5 very simple things you can do that will leave you with extra money every month to put in that 401(k).


  1. Skip out on the expensive coffee. The truth is, every workplace has free coffee. If you spend $4 every work day on coffee, that can add up to $30,000 over a 30 year period. If you add in the missed earning potential of that money, it can easily top $50,000!
  2. Take your lunch to work. This goes together with skipping out on the overpriced caffeine. On average, a decent lunch costs $10. Although it isn’t as appetizing as a hamburger and fries, bring a turkey sandwich from home! On average this can save a person $7.50 per day! That’s $150/month in savings you can put straight into an IRA! This could easily add $55,000 to your retirement accounts, and has the potential to grow to around $100,000 after 30 years if invested appropriately
  3. Take up a flexible part time job. This is very easy if you live in a highly populated area. With the available of personal taxi services, you can work as little or as much as possible. Find an easy, low stress, job averaging $50/week for only a few hours. That’ll add another $200/month to your retirement savings and another $100,000 after 30 years.
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