Money
Getting used to budget pains can help financial planning
Whether you're saving for retirement or saving for all the things you want to do in retirement, everything starts with a budget and a plan. Experts say that many are intimidated by this process, because they expect the penny-pinching to be difficult and painful.
"There is that association between budgeting and pain," Bruce McClary of Clearpoint Credit Counseling Solution told The Herald-News. "The initial steps of the process can be frustrating, but after the fist-banging and head-scratching, a plan will emerge that makes life less stressful and provides a clearer path to reaching goals."
So, whether you're saving up for retirement or trying to get enough money together for a tour around the world, start planning. The first step is to get rid of the conventional notions that often cause people to hesitate. Chief among these is the idea that financial planners only work with wealthy clients. McClary says these professionals can help anyone who is trying to make their retirement fun, exciting and comfortable.
Residents at retirement communities such as Sun City Huntley in Huntley, Illinois, also come together at investment club meetings to discuss stock portfolios and possible investments. This is a great opportunity for retirees to become engaged with their finances in a warm and welcoming atmosphere.
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