Yesterday, I wrote about the imporance of paying yourself first. Most people wait to start saving until they have some extra money lying around. You have to start saving and investing for the future now! Something will always come up and some excuse will come up and you keep putting it off. The sooner you start, the more the power of compound interest will help you.
If you have a 401K or other saving program with your employer, many employers will match a portion your contribution. This will add to your savings even faster. If your employer does not have a retirement program, you can start an IRA, Individual Retirement Account through a bank or brokerage firm. When you are younger, it may not seem like a priority to save. But, that is the perfect time to start. You have time on your side and more years to add money and interest to your account.