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McGee has seen firsthand the habits that propel successful savers forward and the ones that impede those who struggle.
The two keywords are small and quarterly.
Forbes continues, Automation takes the conscious decision to save versus spend off your plate by making it automatic.
Bank of America calls itKeep the Change.
At SoFi, itsSpare Change Savings.
But no matter the name, the concept is the same.
That is a good way to jump-start your savings.
A CD ladder consists of several CDs with staggered maturity dates.
Three months from now, you could invest in another six-month and one-year CD.
That would give you maturity dates of six months, nine months, one year and 15 months.
I tell members early and often about the compound effect when it comes to savings, McGee said.
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