Let go of cheating on your future with your past. It’s time to move on and tell a new story.
So you haven’t started saving yet? Your retirement is non-existent? So what? Will putting it off for the next year make it any better? No. You are the CEO of your future, just make it happen.
Start paying your most valuable employee first. You! Begin by figuring out how much you want to save by year end and just make it happen. You can do it. I highly recommend an Automatic deduction from your paycheck or an Automatic Investment Plan into your investment account. If you an open an account at an investment firm where the money is not as accessible as it would be in a savings account, then it will be more likely to stay there! You can begin with just a little, say $100 a month or per paycheck.
Remember to consider putting money into a retirement account for your future. The earlier you begin investing in your future the better off you will be! This sounds so logical, but you’d be surprised how many times I run across women who are not taking advantage of their company 401(k) plan and are leaving the “match” money on the table! Don’t give money away that is yours. Have at least the amount that the company will match invested into your 401(K) or company retirement plan. This can be an immediate 50-100% gain! There is NO investment company in the world that can get those returns!
I also recently saw a challenge that I thought was fun. If you start out at the beginning of the year, save $1.00 the first week, $2.00 the second, $3.00 the third week and so on until week 52, where you are putting $52.00 in the bank, you will save nearly $1,000.00!! That’s giving up between the cost of a candy bar and up to only a dinner out a week (and that only in the last months). That’s definitely doable!
Good luck this year with all of your goals. I hope you will consider your financial future and put some money away for a rainy day, a gift fund, an education fund and for your retirement. Let me know if I can help you!