Feb. 20 to 27, 2011 is America Saves Week, an annual event that has probably never meant much to you in the past. After all, Americans haven't exactly celebrated savings the way they do, say, independence or the Super Bowl. Still, unless you want to see your golden years downgraded to tin, or maybe even Styrofoam, you'll want to start paying attention to America Saves Week.
The best way to mark America Saves Week is to do something about it. Here are five goals for America Saves Week, one for each working day of America Saves Week:
- Monday: Try to budget your retirement based on your savings rates so far. Normal retirement planning starts by figuring out how much you'll need, and how to get there. Based on your savings rates over the past few years, figure out how much money you'll have in retirement. Now adjust that for inflation, and try to make a budget based on how much you'd have to live on at your current rate of saving. This exercise might shock you into getting more serious about saving for retirement.
In short, if you want to do something about raising savings rates, increasing your savings account balance and securing your retirement, you need to celebrate America Saves Week actively by working towards your financial future.
The original article can be found at Money-Rates.com:
"5 easy goals for America Saves Week"