Off-grid pantry planner

It has become harder to save money for retirement in this day and age. Daily expenses have increased and it’s not easy to set aside any kind of money anymore let alone for retirement savings. However, all is not lost. There are still ways to save money on a monthly basis for your retirement.

Budget your Monthly Paycheck

Unless people know where there money is going every month, they cannot save even a single dollar for their retirement. When you get your paycheck, the first thing you need to do is sit down and budget your monthly expenses. After taking only the basics into account, set aside the extra money in a separate account. This will keep your temptations at bay and help you save more for your retirement.

By budgeting, it is easy to keep a track of how much money is being spent every month and how much can be saved. Furthermore, you won’t use more money than you have keeping you in control at all times.

Set Aside a Separate Account or a Retirement Fund

One of the easiest ways to save money for retirement is to actually open a separate account for savings. These accounts are known as retirement funds or high interest accounts. You can deposit money in both types of accounts but cannot withdraw money. In cases where you can, heavy penalties are applied. Such accounts ensure that you save as much money as possible and don’t waste any.

Make Long Term Investments

One of the biggest expenses that any working man or woman has is on the cost of commuting. Most people will prefer taking their car because of the level of convenience that comes with it. However, convenience is found when you don’t have to drive and spend as little money as possible commuting.

Instead of taking your own car, try carpooling, taking public transportation or even walking to work; if it’s close. Saving money on gas is not one of those small things that add up to big things. It’s a big thing that adds up to really big numbers. The money you save every month on can be put into your retirement fund.


Like most people, Allan is concerned about his retirement and is always looking for ways to increase the value of his Ubank Smsf. Although he is not a financial advisor, Allan loves to blog about finance and share his opinions.