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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. A friend recently told me about a money game he and his wife play. They save all their $5 bills. Not ones. Not tens. Just fives. At the end of the year, they’re always surprised at how quickly those little bits of money have added up. Better still, it feels like free money. That’s Money Rule No. 13: There’s no such thing as chump change. I’m , and this is Money Rules. Want to save $200,000? Who doesn’t? The best way to do it is slow and steady. Put $50 a week — just $7 a day, which is roughly the cost of a deli sandwich — in a retirement account earning a conservative 6 percent interest and you’ll have that money in 30 years. Leave it be for 10 more years — for a total of 40 — and it will double, to over $400,000. This is the power of compound interest: How often and how early you save can be more important than how much you save. If you wanted to build $400,000 in 20 years rather than 40, you’d have to put away over $200 a week — four times as much, and an amount much harder to squeeze out of your budget. Related Links: 9 fun and funky vacation hotel stays Merrick Garland, Obama’s high court pick, generally is friendly to regulation 7 types of middlemen who can save you money Related Articles: 12 eggs-ceptional locales Travel to Cuba: A how-to SHARE: Jean Chatzky Related Articles