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1. Increase your 401(k) contribution percentage whenever you get a raise
This is the simplest and most effective way for employees to significantly increase the amount they save. If you receive a 4% raise, for example, increase your 401(k) plan contributionpercentage by 2%.

Most of us have difficulty with the concept of saving more because we can’t imagine having a smaller paycheck to live on. This approach guarantees that you will save more and end up with a larger paycheck. Every one of us should practice this saving habit every time we get a raise.


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