Saving for retirement in your 20s and 30s can feel a lot like trying to build a three-story house with toothpicks. However, having following habbits may make you able to save moneybox 1. Taking advantage of your employer’s flexible spending account. These accounts not only reduce your tax liability, but they also act as a de facto quasi-savings plan. 2. Tracking your income and expenses. 3. Being careful not to overspend on gifts. 4. Paying attention to mortgage interest rates — even after you buy a home. People who fail to do this may miss out on refinance opportunities that could save them tens of thousands of dollars over the life of their loan. 5. Never buying anything on impulse. One of the best ways to help prevent this is to make a shopping list and then stick to it. 6. Opening your bills when you get them. 7. Paying your bills online when possible. 8. Doing your research before purchasing extended warranties. 9. Ignoring credit card convenience checks that come in the mail. They usually come with high fees that make them extremely expensive. 10. Saving part of your income for retirement. Try saving at least 10 percent from every paycheck; it’s never too late to start. 11. Keeping the money in your wallet to a minimum. 12. Spending less than you earn every month. File this one under “D” for “Duh!” 13. Having an exit strategy when investing. Without one, it is tough to recognize the right time to cut your losses — or take profits off the table. 14. Never assuming past performance guarantees future results. 15. Taking advantage of automatic paycheck deductions. Not only does it ensure you pay yourself first, it’s an easy and painless way to save for retirement. 16. Reading all contracts before signing on the dotted line. 17. Planning your dinner menus in advance. We do this at my house because it’s an extremely effective way to reduce our monthly food expenses. 18. Reviewing your credit card statements for errors and erroneous charges. 19. Keeping a budget. Because for most folks, when it comes to managing their money, failing to plan is the same as planning to fail. 20. Faithfully following your budget. It’s one thing to create a budget, but if you don’t have the discipline to put it into action, why bother? 21. Increasing your 401(k) contributions every time you get a raise. 22. Properly maintaining your car. By following your car’s maintenance schedule and paying a little up front, you’ll reduce the risk of encountering more costly major issues down the road. 23. Paying the bills on time. By doing so you’ll avoid spending money on needless late fees. 24. Taking advantage of coupons and internet promotional codes as often as possible. 25. Refusing to pay the minimum on your credit card bills each month. Here’s a credit card fact: making minimum payments each month will ensure you pay the maximum interest. 26. Using your credit card to buy things only if you can pay it off in full at the end of each month. 27. Leveraging “good debt” to purchase things that have the possibility of increasing in value, or providing a path to a higher income in the future. 28. Never hoping for an inheritance to solve your money problems. 29. Avoiding the use of payday loans to cover temporary financial shortfalls. Eliminate monthly shortfalls by following a budget and maintaining an emergency fund. 30. Finally, using SaveFactor; an autmated money saving technology is one of the easiest and best method to save money.