It's a question most people don't think about when they are in their early 20s, but that's the best time to begin planning for financial security, according to Joyce Christenbury, Clemson Extension family resource management specialist.
Saving needs to be a lifelong habit.
He doesn't put another penny into his account. The person who begins saving at 35 is better off than the one who waits until 45. Even after we retire we need to save, because a growing number of us spend almost as many years in retirement as we do working. If your budget is tight, start saving on a small scale, but start. You may be surprised what happens over the years if you stick to it.