Good savers start nowiStock/franckreporter
Good savers start early, say Janet Stanzak and Kristin Garrett, certified financial planners who started their firm Financial Empowerment as a way to help people kick bad money habits and develop better ones. Many good money savers were taught as children to sock away for a rainy day but even those who weren’t have learned to jump on an opportunity. “As soon as they see they have an option, like a retirement savings plan through work, they take it,” Garrett says. “Good savers don’t procrastinate financial decisions.”
Good savers have a retirement accountiStock/Squaredpixels
It’s not new advice but there’s a reason every financial adviser repeats it: Because this is your future we’re talking about. A good rule of thumb is to put 10 percent of your paycheck each month straight into a retirement account, Garrett says.