Got $10? Here's How to Step Up Your Retirement Savings

Looking for a simple New Year's resolution that can make you wealthy? How about contributing an extra $10 per month to your retirement account? It doesn't sound like much, but even a few extra dollars per month can mean thousands more in spending money in retirement. Below, I'll show you what I mean with a few examples to help you find some extra cash if you're struggling to save.

One thing you always have to keep in mind when saving for retirement is that the money you're contributing now is only part of what you'll end up with. You're investing those funds and, if you've invested wisely, your savings will grow over time. The longer the money remains in your retirement account, the more time there is to accrue investment earnings. That's why your early contributions matter more than your later ones, and why even small contributions can make a big difference to your final balance.

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Source Fool.com