Think it’s too early for you to start planning your retirement? Think again. It’s never too early to start saving, and oftentimes people can wait too long to have a healthy nest egg. Although there are several different ways to being saving, there are a few easy investment strategies for everyone to follow.

Contribute to your work’s 401K. Chances are your company has a 401K that can be taken out of your paycheck before tax. A lot of workplaces will even match portions of your savings. That means you are getting free money. Everyone should save in their 401K up to the maximum that their workplace matches. This will allow you to take full advantage of the benefit.

Open a savings account. In addition to your 401K, you should have a savings account that you regularly deposit money into. As little as $10 a week adds up to over $500 a year. The more you can save a week, the better.

Stop renting and buy a house. When you rent, you are giving your money to someone else to pay for their mortgage. So stop renting and pay for your own mortgage! When you decide to sell the property you’ll be amazed by how much money you’ll walk away with.

Have an emergency fund. In addition to your savings account, you should have another savings account that you will not touch, unless it is an emergency. You should have save enough money to cover three months worth of bills. Should you or your loved one lose your job, having an emergency fund will ensure that you will be able to cover your mortgage each month.

Spend your money wisely. If you go out to each several times a week or month then don’t go out to eat as often. Bring your lunch to work so that you do not have to buy food. Recycle your cans and bottles if you don’t already. The old phrase “a penny saved is a penny earned” applies here, and any money that you do not spend you can save for your future.

Start saving now. Time is your ally, and the longer you save, the more you will have for your retirement.

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