Imagine, if you will, that you are shopping at the store with your friends and you see a big ticket HDTV that you really want. You are short on cash because you have not gotten paid yet, but they offer 12 month financing at zero interest. Sounds tempting, doesn't it? You can pay this off in a year. Not so fast. Make sure you understand what you are getting into first.
As the nation's full retirement age edges closer to 70, it means a 22-year-old college graduate has nearly 50 years to save and invest. That's why solid money habits built early can make an enormous difference, even for young people who can't afford to put away more than a few dollars a week at the start.