We all know we need to save for retirement, but it can feel a long ways away. Savings can always wait while you deal with something more urgent, it seems, until all of a sudden retirement starts staring you in the face!
The most important factors in saving for retirement are starting early, and consistency, Ernie reminds us. How do you create consistency? There's an easy trick. If you're not yet, start contributing something -- anything! -- to your retirement accounts now. That amount will be some percentage of your income. Each quarter, increase that percentage of your income you are contributing by 1%. It doesn't seem like much, but it adds up fast! And most importantly, it's a slow enough change that it gives you time to adjust. As one YNAB listener writes in, it doesn't even feel like you're missing the extra money, while at the same time it's encouraging to see your retirement accounts going up.
We want to hear your YNAB stories! Please take a moment to tell us about your biggest budgeting wins here:
https://youneedabudget.typeform.com/ynaber-stories
Follow Ben and Ernie on the Budget Nerds Podcast
Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345
Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Throw Away Your To-Do List: Tanya Dalton On Purpose
The Spectrum of Wealth
Your Cash Is Your Strategy (Rebroadcast from Beginning Balance)
Once Again, The Holidays are Upon Us
The Montblanc Effect
From the YNAB Mailbag: When Should I Invest in the Stock Market?
Tik Tok for Financial Advice? YNAB's Got That Covered
Should You Invest in Crypto?
How the World's Greatest Investors Win in Markets and Life
Investing 101, Pt 2: How to Get Started
Building Passive Income through Real Estate with Dustin Heiner
Investing 101 with Matthew: Terms You Need to Know
You Might Be a Budget Nerd If...
Financial Order of Operations
The Financial Pressures of The Sandwich Generation with Jennifer Owens
Behind the Scenes: A Random Chat with the YNAB Team
How to Talk to Your Kids About Money with Anne-Lyse Wealth
Behind the Scenes: Personal Finance Tips from the YNAB Team
Back to School, Back to Budgeting
Behind the Scenes: The YNAB Team Shares Their Very Best Budgeting Advice
Create your
podcast in
minutes
It is Free
We Study Billionaires - The Investor’s Podcast Network
Money Girl
So Money with Farnoosh Torabi
Money Tree Investing
The Disciplined Investor