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RE: Trying out the Retirement Calculator
Oh, yeah, darlin! I'm all over this one! ;)
I have been saving since the day I left college. Thanks for sharing your analysis. While many in different countries will calculate it differently, the main points can be altered to fix that.
!tip
This one looks designed for Americans actually. However, I think Everyone needs to adjust it to their own circumstances. Working is the best way to make money for most people and saving from paychecks is smart. I had some student loans to pay off after university and I looked at that as priority, but as soon as those were out of the way, I really started saving too. The mountain isn't as tall when you are halfway up. Also, it's never too late for people to start since it won't get any easier.
I agree. Always the student loans! Yes. But, my father instilled in me that even though I had to prioritize those to get them off my plate, he also told me that I still had to pay myself (put away some money) also, even if it was only $1 a paycheck, to instill in my own self that I had to save, no matter how little.
I believe I owe him everything. It's never too little to start and never to late to make it happen. Thanks for this post!