Tag Archives: 401k

elephant piggy bank Munny Journey

Can People Really Change Their Financial Habits?

I recently read an article asking this question: can people change their financial behavior? The article went into different budgeting and savings systems that demonstrated how to mentally reposition savings that changed most outcomes. The elephant in the room is that millions have already changed their financial habits by participating in 401(k) plans or making IRA […]

What’s so good about a budget?

Budgets are like diets… they sound great but very few people follow them. What everyone needs is an automatic savings plan.  Payroll driven savings are the best! 401(k)s and simple IRAs invest money pre-tax. Once enrolled most people adjust their spending habits around their net paycheck. The next best choice is an automatic savings plan […]

Financial Education with Munny Journey

What’s the easiest thing to do to start saving for retirement?

When looking for work one of the most important questions is, “Does the company have a retirement plan?”  The surest way to build a retirement nest egg is through monthly deduction from your paycheck.  Pre-tax contributions invested in a 401(k) are the best.  Many companies offer a matching contribution.  This automatic wealth building system has […]