20 Ways to Increase Your Savings and Retire Rich

Don’t Keep Up With the Joneses

Your friends and neighbors might appear to be rich with all that they have, and you might be thinking you deserve those things as well. But spending to keep up with the Joneses will likely hurt your chances of being rich in retirement.

“Establish a lifestyle where you put savings first,” Sweeney said. And find a group of friends who also value saving so you don’t feel pressured to spend.