You need to balance saving for retirement with your other goals, like paying down debt or saving for a home. In this video, learn how to make a plan to make the most of your money.
- 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. … When updating your budget, …
This course was created by Madecraft. We are pleased to host this training in our library.