Balance Beyond the Checkbook By Brittany Pruess
Do you feel it? That nagging pressure of finding the financial stability? Do you wonder how you could possibly save for your future without sacrificing your happiness today? Where does living for today show up in the conversation of saving for retirement? Can a person really enjoy the here-and-now when they know they need to be saving for their future? These are the questions many find themselves asking on a daily basis. Individuals are pulled back and forth between living for their present moment, splurging on their dream vacations or possessions, and feeling the urge to save every last dollar in the hope of having a secure future. This can leave them feeling directionless and uncertain about how to approach saving for their retirement. Although saving for retirement is a very 6
Finance
individualized, and sometimes, complex process, here are a few proactive steps you may want to consider for finding the balance in the checkbook and beyond.
Maximize Money + Be Proactive If you work for a company, one of the greatest investments you can make for your future is to participate in the 401k. Select the maximum company contribution option. For example, if your company will match a maximum of 4% of your paycheck every month, go with that option. You will contribute more financially in the present, but gain for the future. If you are self-employed, always make sure you are paying yourself first. To know how much you should be setting aside, seek a professional financial advisor.
