Are You Saving Enough Money For Retirement?
Are you worried about having enough money for your retirement? Financially are you putting enough aside? Do you know where you are saving your money?
Many people are not putting enough money away so the can retire comfortably. In most major cities if you are 65 and single and living in a one bedroom apartment it would cost you around $20,000.00 a year for food, housing, transportation, and health care.
If you are single and live in a house free and clear from a mortgage, it would run you almost $19,000.00. If you still have a mortgage that would run you $26,000.00.
If you are a couple those numbers would run a little higher. Owning your own home without a mortgage the numbers are $29,000.00. With a mortgage it would $36,000.00 annually and if you rent it would run you $30,000.00.
Social Security does not cut it anymore. Please look at those numbers again. Hopefully if you read this it is a wake-up call for you. Somehow need to build up a retirement fund.
What are you going to do if you aren’t saving money? How are you going to survive?
There are some things you need to do. You need to create a budget and see where all your money is going. Once you have your budget set then every month you have to work with your budget. At the beginning of every month put down everything you have spent and earned so you can see where you are.
With your budget find a way to start waving some money and create a habit of saving every month.
If you cannot find any money to save then you need to increase your income somehow. Either a part-time job or find a way to get a raise.
You are in control of your future. Start saving today.
