There’s no question that we all need a roadmap. You can do research on the internet and develop your own ideas on what you will need in terms of what you will need to retire.
More important than retirement is the need to make regular saving in your life MORE than optional. Saving money regularly gives you options when you feel whipped by your job or your crappy boss. It can give you options when your child is sick or when unexpected things come up (as they always do).
We recommend that you spend a set amount of time working for yourself each week. That can be three hours a week or one hour a night five days a week, but the idea is simple: you are your best resource. Use it to look for unique ways to save money. Check out research on coupon codes on products you use.
Okay. You still want someone to tell you how you are doing? Check this out:
EMERGENCY SAVINGS FUND
Use our “1% Savings Plan” if you haven’t already begun your savings program (scroll back to previous blogs to get the details). We recommend you work toward having 15 to 18 months of expenses in emergency savings (hey, it’s not the 80s anymore, people).
We say it all the time. The only recession that matters is the one at your house. Get a plan, move ahead.
You can do this!
SAVE MORE THAN MONEY
In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!