Re:1 in 3 Americans Have $0 Saved for Retirement (2016)
by mattmanser on Wednesday August 23, 2017 @05:15AM
(#15079833)
The parent was a bit OTT.
The general point is that when you were 22 and earnt bugger all you could still live, now you're 32 and earn a lot more, you live a lot better but never started saving.
You should be saving money but you're not. So force yourself to revert some of your positive life-style changes as you actually can't afford them yet. Do it at source, set up a standing order to automatically take the money out just after pay day.
Start small, say 1%, and increase it every 3 months maybe?
To be honest, the first statement you get of your savings where you earn interest instead of paying it is quite refreshing. And you feel a little smug and a little more mind-at-rest because you know you can deal with disasters.
The general point is that when you were 22 and earnt bugger all you could still live, now you're 32 and earn a lot more, you live a lot better but never started saving.
You should be saving money but you're not. So force yourself to revert some of your positive life-style changes as you actually can't afford them yet. Do it at source, set up a standing order to automatically take the money out just after pay day.
Start small, say 1%, and increase it every 3 months maybe?
To be honest, the first statement you get of your savings where you earn interest instead of paying it is quite refreshing. And you feel a little smug and a little more mind-at-rest because you know you can deal with disasters.