Ever wonder why so many things are sold via monthly subscription?  Sometimes looking at the annual price tag for something can seem intimidating.  Advertisers figured out long ago that you’re much more likely to make a purchase if they tell you how you can afford it over a series of low monthly payments.

Saving for retirement is a commitment to yourself and your future.  The earlier you set funds aside, the longer those funds have the opportunity to grow.  As you approach retirement, you will find a larger principal balance and more options.

So take note from advertisers and calculate how much savings will cost you per paycheck!  An extra $100 to $200 a month may be the equivalent of dining expenses over the course of a weekend or a trip to the mall.  If the figure you calculated is still too big for your current budget, start with a smaller amount. Then set yourself semi-annual reminders to reassess whether you can bump your contributions up.  After a few payroll cycles, you may find that your budget naturally adjusts to the smaller amount deposited in your checking account.

Financial Planners often recommend setting aside 10 to 15% of annual income for retirement.  Doing the math on your annual salary could produce a big number and make you feel as though this is an unachievable goal.  A Financial Plan can help you put your financial life in perspective.