Now Is The Time To Start Saving!

Look, we know it’s not a fun topic to talk about, but the reality is that you need to start saving for retirement right now. I know, I know, we are still young! We are just starting life, building our careers, thinking about a family down the road. That important stuff seems so far away, and we’ve got bills to pay. So why NOW?

In 2018, debt among 19- to 29-year-old Americans exceeded $1 trillion. Major financial milestones such as home ownership and marriage are being delayed due to the crippling debt that we have endured. On top of that, embarrassment keeps 72% of millennials from even discussing their credit card debts. All of that takes a toll on your pride, self-worth, and mental health. So, the sooner you’re able to make some positive headway in planning your financial future, the more in control you will feel.

Here are some easy steps to get you to start thinking about retirement:

  • Start planning today. The longer you put it off, the harder it will become.
  • Assess your options. Check into employer 401Ks and IRAs.
  • Eliminate debt. Credit card, student loan and other high interest debts will keep you stressed. Work out payment plans and timelines to pay those off ASAP.

If you are embarrassed or ashamed about your financial situation, consider contacting professional debt counselors. They have heard and seen it all. We guarantee your situation isn’t the worst. They can educate you on options for saving money and paying off bills, as well as set you on a reasonable timeline for gaining financial security.

Source: Forbes

Paul James

Paul James

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