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Show Me the Money: Tips for Saving for Retirement



It’s never too late to start healthy saving habits that will last a lifetime


Day-to-day life can be challenging as it is. The delicate balancing act of managing work, personal pursuits, a social life, health and wellness, the bills, and the care of loved ones can make the vague concept of “the future” seem like something to worry about later.

However, saving for retirement is an important step toward financial security and can alleviate a lot of stress as time passes over the years. Although it can feel like a challenge when you’re juggling other expenses and obligations, you can start saving for retirement at any age.


Learn the proper steps for planning your finances no matter which phase of life you’re in, and enjoy the confidence and accomplishment that comes with preparing for a peaceful future.


Get smart with savings


The ideal scenario is to start saving for retirement as early as possible. If you establish healthy and consistent saving habits as soon as you enter the workforce, you’ll be on the right path to a secure future full of financial prosperity. Starting early also allows you to take full advantage of compound interest, which can have a significant impact on your end result.

However, it’s important to remember that it’s never too late to start. Consider the following suggestions to establish spending and saving habits that will lead to a better life:


  • Avoid debt: Get out of debt, and stay out of debt. If you have student loans, work hard at paying them off as soon as possible. Be careful to avoid the ongoing trap of credit cards or expensive car loans; whenever possible, make a habit of not buying things you can’t pay for in the present moment.

  • Start budgeting: The most important factor in managing your money is knowing where you spend it. Download a budgeting app, or create a spreadsheet that will help you track income and expenses, and stick with it.

  • Invest in a 401(k): If your employer offers a 401(k) savings plan as part of the benefits package, take advantage of it and max out contributions, particularly when your employer matches them.

  • Don’t increase spending: As you earn more at work, it’s tempting to spend more. Whether it’s a bigger mortgage, a nicer car, or an upgrade to your lifestyle, make sure it’s a “need” and not a “want.” You’ll appreciate your sacrifices in the form of a heftier savings account more than a trendy toy or flashy status symbol.

  • Get aggressive: Examine your budget closely, and see what can be reduced or eliminated. Once you have some wiggle room either through reducing expenditures or earning more income, set up a system to automatically save that extra money instead of letting it get absorbed by daily life.

  • Talk to a pro: If you’re worried that you got a late start, or if you are doing well but aren’t confident about what you’re doing, then it’s time to make an appointment with a financial advisor. Discuss your savings goals and future plans, and learn how to maximize your money.


Saving for retirement is like running a marathon: it requires planning, practice, sacrifices, and a fierce commitment to reach the finish line. While it’s true that you’ll have an easier pace if you start early, anything is possible with enough determination. Start saving for your retirement now, and enjoy your golden years with a sense of accomplishment and security.


If you’d like to learn how to become unstoppable like Gigi and find out how to push beyond your limits and fears to really start living with fulfillment, contact her today.

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