Big Money! How to Create a Successful Monthly Savings Plan – ShoeMoney

monthly savings plan

Did you know that most Americans are behind when it comes to their monthly savings plan and retirement financing? Besides, a report by the Economic Policy Institute shows that as of 2016 (the most recent data), Americans in the 56-61 age bracket had a median balance of $21,000 in their retirement savings plan (401K), and that’s 30 years of their savings. 

Creating a monthly savings plan doesn’t need to be difficult and is a great way to organize your income. If you’re starting to plan for your future and retirement, continue reading for some excellent tips. 

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Starting a Monthly Savings Plan

While a good savings plan can help you start on the road to…

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