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Larry Ellner
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Larry Ellner   My Press Releases

Money Management for Financial Retirement

Published on 6/1/2016
For additional information  Click Here

Money Management for Financial Retirement

 

            

Learning to manage your money while you have more disposable income is one of the greatest gifts you can give yourself when it comes to your retirement. One of the best things you can do in order to prepare yourself for living on a 'fixed' income that goes along with retirement is to establish a budget and spending limit each month and live within that budget. In fact, you might wish to establish a smaller budget than you actually think you will need in order to maximize the effect and add a little padding to your savings account. Over time, the little savings can either provide a nice boost to your retirement fund or a great night on the town as an occasional treat.

 

Living on a budget is one of the most difficult things that many Americans will ever face. As a matter of fact we have the nasty tendency to live at the very edge of our abilities and over extend ourselves heartily. A good method for learning to create and establish a budget is to make a list of all your monthly spending right down to your miscellaneous expenses and convenience store and break room snacks and stops. Then add up the totals and see where you believe you can cut costs. Of course it isn't enough merely to say you want to cut costs in certain areas, you need to create a plan of action for doing so.

 

If you are creating greater costs by having an afternoon coffee or snack at work see if you can bring them from home in order cut costs. Cook one extra casserole per week and freeze it in order to eliminate those last minute fast food runs when you simply don't feel like cooking. Take baby steps when it comes to cutting costs and over time you will find that you have learned to live with even less than you thought possible. In fact you can make it fun by making it a challenge. See who can eliminate the most money from the budget each week and actually stick to it.

 

The thing you do not want to do is deprive yourself to the point that you will eventually go out and undo all the good by splurging. You need to reward yourself along the way for the small steps you have taken. Set goals for saving as well as your budget and you will find that you are much better prepared to budget your money you are confined within that budget. While you were at it, you just might find that you've saved enough to increase your investments enough to bump your budget a good bit when the proper time comes.

 

You do not have to have an all or nothing approach when you begin learning to manage your money, especially if you are making the effort before you reach the point of retirement. Little things we do on a daily basis that help us make more responsible decisions about our money will become habits over time. Those habits will serve you well throughout life and retirement. They will also help you prioritize your spending once you are living with limited means in order to decide what you can and cannot sacrifice in order to get the most out of life.

Unfortunately 50% or more of impending retirees are under water in their Retirement Planning.

 

  • The Banking Crisis
  • The Recession
  • The Real Estate Meltdowm

 

Has mitigated the ability of many to retire comfortably.

 

They're facing the possibility of being unable to retire, or a substantially reduced Retirement Lifestyle.  If you're one of these people my message to you is: It doesn't need to be that way.  You have options but you need to act soon; today if possible.  We work every day with folks just like you and we know how to "get your acorns out of the fire.

 

Click this link: Free Consultation to get the ball rolling.

 Quote Of The Day

 

 

            

 

         

 

 

Your partner in success,

 

Larry Ellner

https://www.facebook.com/RetirementRescueCoaching/

 

P.S. Here's the system I recommend to make money online…

 

 

 

Full Disclosure: You should assume

the publisher of this Press Release has an affiliate

relationship and/or another material connection, to any suppliers

of goods and services that may be discussed here, and may be

compensated for showing ads or recommending products or

services, or linking to the supplier's website.

 

Member Note: To comment on this PR, simply click reply on the owners main post below.
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