Sometimes I sit and think about how much money I’m going to need for the future, and it freaks me out. I think about how much it’s going to cost to have kids, replace one of our vehicles, and even how much money we’ll need for retirement. I feel like I’ll never be able to save enough money! I can save and save and save, but who knows how much is enough? What if I don’t plan for ___? I realized that I can’t prepare for everything, so I really need to calm down and think of constructive ways to ensure we are as financially fit as we can be.
6 Month Emergency Fund
I think it’s so important to have some type of emergency fund, even if it’s $100. That’s still better than nothing. I’d like to have a years’ worth of expenses saved up, in the event that we decided that we are actually going to move or one of us loses our job.
Be able to live on less
I think this is one of my greatest goals. I think that by being able to live on less money each year, we’ll have more flexibility and be able to do more things we love. If we can afford to live on a small amount of money, then we can pretty much live anywhere we choose and be happy. We won’t have to worry about the economy; we’ll be set.
Keep saving for retirement
We’ll keep plugging along saving money for retirement. Even though it may not seem like a lot of money now, in 25 years or so, hopefully it will be a lot! Every little bit helps.
Does saving money ever get overwhelming? What do you do when you feel overwhelmed?