Saving money can seem hard but the sooner you get started, the sooner you can start earning interest. When you put your money into a savings account or investment account, you will be rewarded by earning a percentage of the balance each year. The longer you keep your money in, the greater the effect of compounding interest.
If you are having trouble saving, try a few of the tips below:
Use this interest savings calculator to find out how your contributions can build up over time. Simply enter your current balance, planned monthly contributions, the number of years you will be contributing for, your expected annual return, and your compounding interval to see how much you will earn over time.