The power of consistency
Saving $100 every month adds up to $1,200 over one year. After five years, contributions alone total $6,000, and after ten years they total $12,000.
What about investment growth?
If money is invested, the eventual balance could be higher or lower than the amount contributed because investment returns vary. Any example return is an illustration, not a promise.
Make the habit automatic
Consider setting an automatic transfer after payday. Start with an amount you can maintain and increase it when your income or circumstances allow.
Keep the goal visible
A simple tracker can help you see progress. Separate short-term savings from money intended for long-term investing so you know what each dollar is for.