Hi, I'm new to the forum and to money saving. My friend got me interested in Dave Ramsey and budgeted living a couple months ago. I've got a basic budget made in an Excel spreadsheet, and have an account with ING.

If I understand correctly, due to compounding interest, money can grow practically exponentially. I've heard you should start saving for retirement as young as possible because of this reason. I'm only a 20 year old college student, but I'd like to start saving for the future. Should I get an IRA? Right now I have about 1000 dollars that I could put into it from savings, and I could add probably 100 dollars a month. Is it worth it for me to start now? Or should I stick just to savings or CDs? What are the best places to get an IRA from?