It's About Planning
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Having a Game Plan
"Nobody plans to fail- they just fail to plan."
It's a famous quote and cannot be overstated when it revolves around your personal and financial wellbeing. Watching your portfolio closely means no surprises when it comes to how well your money is doing. A regular checkup of your financial health will foster longevity; the same way you see your doctor regularly, you can improve your own longevity.
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Manage Financial Obligations
Establishing a budget is very important, even if it's written on simple piece of paper. Following a budget will help reduce 'waste' expenses, such as impulse buying. Extra income can be applied to high-rate credit cards, which should be addressed first and foremost. That's great if have no serious high-rate credit card debt!
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Eliminating Debt
Having debt is normal- obviously carrying heaving debt is not, although most Americans are heavily burdened by it. Following your budget can help you reduce debt. Make extra payments on your credit cards - even this the amount is smaller than your normal payment. Consult with a debt planner to help you make payments if you need to.
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Create a Squirrel Fund
A "Squirrel Fund" - a metaphor for a dedicated savings account where you consistently set aside small amounts of money, similar to how a squirrel gathers nuts for winter, to build up a financial cushion for unexpected expenses or future goals. Even if the amount is small - say several dollars- over time short period of time that will quickly grow to $100 and then...
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How
Will You
Retire?