14. Put Your Savings Into a High Interest-Earning Account

According to the FDIC, the national average interest rate on savings accounts currently stands at 0.09% APY. The keyword is ‘average’! If you shop around you could find an account that will earn you as much as 2%, so don’t let small numbers discourage you just yet.

By placing your surplus funds in a savings account, you’ll likely earn back more money than you’d expect. And during retirement, every penny counts.

Say you’ve found a 2% account. By putting $10,000 in it, you’ll earn $200 annually. That’s considerably more than what the average 0.95% will offer.