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The 1-Percent Savings Solution

Want a simple, pain-free plan to increase your savings in 2020? CPA, author, and blogger Mike Piper says to save 1 percent more. “Increase your savings contributions by 1 percent of your gross income,” suggests Piper.

young woman holding up one finger indicating 1 percent solution

Just 1 percent—a good get-started savings plan!

It might be difficult to imagine how such a small change could make any difference at all, but according to Piper, this strategy can work wonders, especially if you are young. It’s so simple: get a savings plan.

Anything you can do to become a consistent saver is going to come back to bless you in the future. A personal program of consistent savings does more than increasing your bank account. It changes your attitude. It quiets your insatiable desires and moves you away from the financial edge where it is easy to worry and panic.

Money in the bank changes everything. Read more