I AM A SONIC BOOMER, NOT A SENIOR... In this blog, I am writing to and for those who believe that the Boomers will change what the word Senior means. I also believe that Boomers will change what retirement means in our society. The blog is also for those who are interested in what life after retirement may look like for them. In this blog I highlight and write about issues that I believe to be important both for Seniors and working Boomers.
Friday, April 20, 2018
If you want to have a retirement where you do not need to worry
about money, there are two ways to do so. First, save enough money
to continue your lifestyle. The reality is that not many of us have done this
or are doing this well. The second way is to start to live within or below
your means by being frugal.Frugal living is something that you undertake for the long
haul. It isn't something you can pick and choose to do one day and not
the next-that is, not if you expect to see progress toward your goal. You do
have a goal, don't you? If not, read the final tip here first. Below are
several things you need to keep in mind if you are considering a frugal
lifestyle. Not every frugal idea is workable for everyone.
1.There is a balance between frugality and time that is unique for
each person. Some people have time to grind their own wheat into flour and make
their own pasta from scratch. Some people only have the time to do simple
things. You don't have to use every idea you hear about.
2.Start saving your savings.
When you save money, you need to
go ahead and put the money in a jar until you have enough to put it in the
bank. If you save $20 on a shirt you didn't buy, put that $20 in your jar. If
you save $1.59 on groceries, put that money in the jar. Many grocery stores
receipts will even tell you how much you save. That makes it easier for you.
Spending money you save in one place on something else is still spent money.
3.Set your goals and stick with them.
You have to have a reason to be
frugal. Whether you want to learn to live on a reduced income, get out of debt
or go on a cruise, you have to have a goal. Don't just leave it vague. Write
down the specific steps you are going to take. Look at your goal every day.
Keep it at the forefront of your money thinking. When you consider whether or
not you will buy something, look at how it affects your goal.