I know a person, who automatically deducts $20 a week from his check to savings. I decided that I could live with $40/week without really feeling it — it’s a relatively small transfer that I barely notice, and I save about $2,000 a year on top of my larger bi-weekly savings transfers.
Some people save up to 10% of their income every month.
If to use the idea of compound interest we can easily see that in long run it can result in rather dig sum of money.
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