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However, there are some simple strategies that are very popular right now that can help you save money painlessly.
1. Save a dollar a week.
That is right. Just one dollar. Then, each additional week, you add a dollar to the amount you are saving. Week one, you save $1. Week two, you save $2. Week three, you save $3. By the last week of 2013, you are saving $52.
2. Save your $5 bills.
This is my favorite savings technique because the savings add up quickly. This strategy is best for someone who pays cash for most of their purchases. Every time you get $5 back, save it and add it to your bank account.
3. Save your age.
If you are bit more comfortable financially and up for a bigger savings challenge, AARP recommends saving your age. To follow this method, simply take your age and add two zeros. That is how much you should save per year for your retirement. So, if you are 33, you should save $3,300 this year. Next year when you are 34, you should save $3,400. Of course, the earlier you start with this savings method, the better.
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