From the course: Planning for Retirement
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Balancing saving with other goals
From the course: Planning for Retirement
Balancing saving with other goals
- I can't tell you how many times a client has asked me, "How do I possibly save enough for retirement "when we're also trying to save for a home and pay off debt, "save for college, pay for childcare "and go on vacation once in a while?" Balancing saving for retirement with your other financial goals, it's challenging. For most of us there are trade-offs to make, but in this lesson, I want to help you navigate a path forward that feels good, so that you can balance enjoying life today and saving for someday. If you already have a sense of how much money you can contribute to your goals on a monthly basis, the question is how to divide it between your goals. If not, the first step is to review your budget and sort out how much money is available to contribute to future goals. And although I won't dive into budgeting strategies here, you should aim for a budget that's realistic and has room for you to enjoy your life day to day.…
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