During this decade, your financial goals are likely to get a bit more complicated. Many people are still paying off credit card debt and student loans, working on building emergency savings and kicking retirement savings into high gear—while also saving for a house down payment and perhaps thinking about starting a family.
So what’s the secret to juggling it all?
You can’t just work on one goal at a time, but you also don’t want to spread yourself too thin, Taylor says. “I look at income like a fire hose,” she explains. “If you try to fill too many buckets, none of them are going to get very full.”
So she suggests narrowing it down by focusing on your biggest three or four goals. If you haven’t mastered the big three—paying off credit card debt, building an emergency fund and minding your retirement savings—then those should automatically be your top priorities. But once you’ve addressed your basic financial security needs, you can start contributing to other goals, like saving for a house or your kids’ college.
During this decade, your financial goals are likely to get a bit more complicated. Many people are still paying off credit card debt and student loans, working on building emergency savings and kicking retirement savings into high gear—while also saving for a house down payment and perhaps thinking about starting a family.So what’s the secret to juggling it all?You can’t just work on one goal at a time, but you also don’t want to spread yourself too thin, Taylor says. “I look at income like a fire hose,” she explains. “If you try to fill too many buckets, none of them are going to get very full.”So she suggests narrowing it down by focusing on your biggest three or four goals. If you haven’t mastered the big three—paying off credit card debt, building an emergency fund and minding your retirement savings—then those should automatically be your top priorities. But once you’ve addressed your basic financial security needs, you can start contributing to other goals, like saving for a house or your kids’ college.
การแปล กรุณารอสักครู่..