6) Stick to a Manageable Budget
To put any kind of strategy to work requires a little bit of financial oversight and discipline. The most fundamental aspect of retirement savings is a good, manageable budget. Let’s face it. If you don’t stay within your budget there is no savings left over to invest for retirement. Having a good budget, though, gives you a stress-free road-map to retirement success. Design your budget so that your needs are met each month, but you don’t overspend on unessential items. Then take that extra cash and put it toward retirement. Instead of accumulating lots of consumer junk you don’t really need, you’ll accumulate a retirement nest egg. You’ll know where every penny you earn goes. You’ll have a solid plan that enables you to pay your bills, on time, via a proactive budget. You won’t incur late fees and penalties, but will instead have savings set aside each month for your future. That will guarantee a happy, comfortable retirement and it will also give you the priceless feeling of personal accomplishment.
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