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Strapped For Cash? Here Are Creative Ways To Save For Retirement

Saving for retirement doesn’t have to be daunting. And it doesn’t have to be impossible. With a little creativity and some extra work on the side, you’ll be on the right path in no time. Get in touch with Secure Choice for more financial and retirement savings advice (866) 477-3211.


Social Security and social welfare programs like Medicare exist to assist Americans throughout retirement, however, neither intend to cover all living and medical costs. Therefore, it’s a sound idea to set aside money for the day retirement age hits. But what if saving for retirement doesn’t seem possible given your current financial situation? Fear not, with some creative thinking and elbow grease, retirement savings concerns will be in the rearview mirror.

Below are a few unique ways to earn some extra bucks that can (and should!) be deposited directly into your retirement account.

Cash Rewards For Credit Cards

Do you use credit cards? (It’s likely that you do, as 7 out of 10 American adults own at least one credit card.) Well, time to put those reward points/cash back points to good use! Choose however you’d like to do it… whether it is at the end of every month or quarter or year… but be sure to cash in on those points and put the money directly into your retirement account. It might just be a few hundred bucks a year, but over time, it’ll be worth a lot more!


Examine Your Budget

Do you know where every penny of your money goes? It seems obvious, but think about how easy it is to charge $3 here or $7 there… those little purchases can add up quickly. Check for subscriptions you’re unaware you’re still paying for, credit card fees, and monthly services that have raised their prices without telling you. Now check out your Starbucks purchases, how many times per week you’re eating out, how often you’re vacationing, etc. Be sure to examine your grocery budget, your household expense budget, your monthly grooming costs, etc. Is there anything you’re paying for that you could cut out? Lawn service? Cleaning service? Dog walker? Mother’s helper? Eliminating these “extras” can go a long way when it comes to saving money.


Consider A Side Job

Do you have a talent that might be able to make some money? Perhaps you’re an artist? A craftsman? A writer? Or maybe you have a hobby or a love for something that could provide you with an extra stream of cash, like tutoring or being a nanny? Thanks to websites like Jobble, you can in-real-time find businesses who need extra hourly workers. If you have some free time, it might be worth it to add a few extra hours of work per week to your schedule. Thanks to technology, finding a part-time position has never been easier.


It’s no secret that saving for retirement can be rough. If it were easy, we’d all be doing it well. With some planning and discipline however, you can prepare for you future and build a good retirement fund. Secure Choice is always here to help Federal Employees with their retirement planning and have some great programs to help. Give Secure Choice a call (866) 477-3211.