We all know that saving money is an important financial goal. In this brief video, Fool contributor Chuck Saletta spells out three of the most important reasons why saving is such a critical part of each and every financial plan. Those key reasons are:
- You have to save for your money to compound for you.
- Having savings gives you flexibility when you need it.
- The more you save, the less you need to save.
What 20 years of saving/investing can get you
|Monthly Savings||0% Annual Returns||3% Annual Returns||6% Annual Returns||9% Annual Returns|
Chuck Saletta is a Motley Fool contributor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.