Saving money seems like a simple concept, but it’s challenging for some people. It’s a good idea to save in preparation for major life changes, such as getting married and attending college, as well as unplanned events.
To mark Financial Literacy Month in April, follow these tips from the U.S. Financial Literacy and Education Commission on saving and investing money:
n Pay yourself first.
n Open and maintain an account at a bank or credit union that best suits your needs.
n Plan for short-term and long-term goals.
n Save for retirement.
Remember, if you are a Federal Employees Retirement System employee and you put 5 percent of your income into a Thrift Savings Plan (TSP) account, the Postal Service™ will contribute an additional 5 percent. This means you will have twice as much going into your TSP account!
For more information about financial literacy, visit the Financial Wellness page at liteblue.usps.gov/humanresources/benefits/health-wellness/financial_wellness.shtml?.
— Benefits and Compensation, Human Resources, 4-11-19
