2. Maximize your company’s 401(k)/403(b) match

It’s never too early to start planning for retirement. If your employer has a 401(k)/403(b) match program, they’re giving free money to help you build your retirement savings faster.

Participate in your company’s 401(k)/403(b) match program.

Ask your employer if they offer a company match program.

When you save for retirement with a 401(k)/403(b), you automatically pay yourself first while setting aside money for your future. Even if you cannot deposit up to the amount your employer will match, 1% of each paycheck adds up fast!

Contribute up to the full amount your employer will match.

Continue benefiting from compound interest, your best tool to receive earnings on your interest.

Compound interest not only helps you earn on your original deposit, but you will also earn interest on top of your interest!

Make sure your company match is part of your budget.

Know how much you’re saving alongside your expenses.

Be sure to include the amount you are contributing into your 401(k)/403(b) and your company match as a part of your budget to see how much you are saving over time.