Monday, July 12, 2010

Daily Worths's Article The Power of 1%

I have a subscription to the Daily Worth's website so I get daily e-mails from them on money matters. I was reading the e-mail they sent on the power of 1% and thought it would be an interesting article to share with you. Bascially, the premise of the article is that by increasing the amount you save by 1% per year you can significantly increse your nest egg. I found this particularly interesting because it takes so little to grow your savings yet so many people don't save or consider the impact of a small savings. The e-mail linked to a great tool, the New York Times Savings Calculator: The big difference a single percentage point makes. Try it out and comment on your progress.