Saving Right

Ah, retirement! The lazy mornings, the jam-packed afternoons, the free time…the zero-balance bank accounts?! Don’t let a lack of funds get you down in your golden years! The first thing you have to do to avoid a financial disaster during retirement is to start saving right now. Create a savings account and commit to putting as much money in it on a monthly basis as your budget allows. You can start small, but as your salary and budget increases, so should your savings. After that, you must figure out how much money you’ll need annually once big paychecks stop rolling in. Once you’ve got that under control, all that’s left to do is invest in a retirement plan. Most employers offer one, and some of them might even put a little cash into your fund as well. If you’re self-employed, force yourself to tuck nest egg money away, even during slow months. Whatever you do, don’t touch your savings. It’s there for the future you. Don’t let yourself down.