Take ten cents of every dollar you earn or receive and put it away. The money can go in your credit union savings, BFCU Active Saver Account, closet shoebox or backyard hole. It doesn’t matter; just do it. The best way to make this happen is to take ten cents off every dollar before you do anything else! Some people call this “paying yourself first.” Whatever you call it, follow this rule and you will soon be on your way to building a very comfortable nest egg.

You might think that ten cents on the dollar doesn’t go very far. However, live on 90% of your income for ten months and you‘ll already have a full month’s salary saved. Not bad! After ten years, you could technically take a year off.

Once you’ve established this practice, decide what to do with your chunk of change as it grows. That’s where investments and retirement savings provide a great opportunity to talk with your financial advisor.