Stat the year off right with these savings tips:
- Establish a savings and debt reduction goals for the year
- Try to increase your monthly contributions to your 401(k) or 403(b) plans.? The maximum annual contribution for 2016 is $18,000.? Anyone 50 or older can contribute an extra $6,000
- Automatically transfer $458.33 per month from your checking account into a Roth or Traditional IRA, and $1,166.67 per month into a 529 Account and/or $166.67 per month into an Education Savings Account for each of your children