Sometimes I like to close my eyes for a second, and dream of the day when I will soak up the sun at a Tuscan villa…or maybe listen to the crash of waves at my retirement beach house…or perhaps be a “lady who lunches” right here in an area I already know and love… And then inevitably, I am rudely awakened by the realization that (a) the odds of me winning the lottery aren’t that high, (b) I’m nowhere close to retirement, and (c) that’s probably a good thing because I really need to start saving more for retirement!
Ok, so a lot of times I have those dreams just because my life is busy, not because I’m thinking about retirement. It’s time to get smart about saving for retirement while I have plenty of earning years ahead of me. And now that I’ve gotten better at budgeting, I’ll be able to make more of an investment in my future and still make ends meet. That feels really good.
Did you know that there are several ways to save for retirement? Check out these options — they are all easy to use, and you can pick one (or more) that best meets your needs.
I’m sure I am not the only one who doesn’t have a whole lot left over after paying all the bills each month — and that can make investing toward retirement seem a little out of reach. But that’s why starting now is so important! You don’t have to put away a whole lot of money all at once, you just need to start putting away a little at a time. When you aren’t paying attention to it, that money will grow. I think that with my budget, if I buy a few fewer coffees or bring my lunch to work a little more, I’ll be able to start investing an additional $150 per month toward retirement. And in the long run, that’s definitely getting my worth on. Margaritaville, here I come!
Savings Tip: Don’t forget to add “retirement” to your budgeting worksheet.