A financial planner changed the way I think about spending and saving - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

As with most things, the best strategy is somewhere in the middle of two extremes

"With retirement and emergency savings automated, the balance of your paycheck can go toward food, shelter, and fun," she said. "Enjoy life today while saving for a rainy day and your future."If you're more likely to squirrel cash away for a rainy day than to splurge on something to enjoy right now, you may find yourself ahead of many of your peers come retirement.

Anderson said she recommends that super savers set up a special savings account where the money is meant to be used in the next 24 months. For example, a childhood friend of my boyfriend's recently invited us to come and visit him in Quito, Ecuador. We'd split our time between the city and the jungle, where the friend works building solar boats to provide transportation for indigenous people. It sounded like an amazing experience, by every measure.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Barstool Sports deal with Penn National, sports betting plans - Business InsiderThe inside story of how Barstool Sports landed a deal with casino company Penn National and an eye-popping $450 million valuation Misogyny and gambling = winning! Is it because everyone feels bad for Dave Portnoy because he got cucked by a Soulcycle instructor?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside an unfinished San Francisco penthouse selling for $10 million - Business InsiderThe unfinished 'shells' of two dual-level, top-floor San Francisco penthouses are selling for under $10 million each after they failed to sell as a $49 million full-floor condo
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan coronavirus: Videos inside evacuation flight back to US - Business InsiderVideo shows what it was like on the plane evacuating US citizens out of Wuhan, as one passenger describes doing the Mexican wave to pass time
Source: BusinessInsider - 🏆 729. / 51 Read more »

7 books, podcasts, and apps financial planners always recommend to their clients - Business InsiderFinancial planners are great at helping you plan for the future and make the most of your money. They also know when an outside resource can help. Would love to see the EntreLeadership podcast included next time! We may need to check these out!
Source: BusinessInsider - 🏆 729. / 51 Read more »

4 ways to spend $100 today to be richer by this time next year - Business InsiderBy making smart choices with even small amounts of money you have today, you'll set yourself up for big changes over the long term.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook's Oversight Board to be ready by summer - Business Insider - Business InsiderFacebook likely hopes to regain trust among stakeholders by creating a board that is both representative and transparent in its decision-making
Source: BusinessInsider - 🏆 729. / 51 Read more »