How to Be Ready for Retirement Without Losing Sleep

How to Be Ready for Retirement Without Losing Sleep

It’s almost time for football season. Across the U.S., millions of people have already circled the date on the calendar when their favorite team plays its first game. And you can bet that those teams have been hard at work to get ready for the season. Coaches have been looking at film, breaking down plays and creating schemes. Players have hit the weight room, practiced on the field, and studied their playbooks. And when the season begins, you quickly learn which teams were ready . . . and which ones weren’t. When it comes to retirement, you can tell which people are planning and preparing and which ones are not by how anxious they are and how much sleep they’re losing. Numbers Don’t Lie In 2016, Ramsey Solutions commissioned a survey of more than 1,000 adults to see how they’re doing with their retirement planning and saving. The survey also focused on how thinking about retirement affects Americans’ stress levels and sleep patterns. And the results aren’t surprising: 56% of Americans lose sleep thinking about retirement. And the top emotion those sleep-deprived Americans feel? Anxiety. What might be surprising is that 61% of people who are actively saving for retirement are still losing sleep over it, compared to 49% of non-savers. Why are so many people counting sheep at night even though they’re saving for the future? Because saving money alone doesn’t take away the stress associated with retirement. But something else does. One action moves people from anxiety to confidence. Going on Autopilot Won’t Get You There The research study showed that when people have a plan for...
Money Tips on Moving Out

Money Tips on Moving Out

Written by Lauren Reisig for Sharpheels.com How to Pinch Pennies When Relocating to That First New Apartment or Home of Your Own Moving away from home for the first time can be a terrifying yet exhilarating experience: granted, your current “nest” with parents/relatives may be cozy and safe, but you’re bound to feel at some point that it’s time to strike out on your own, and maybe feel the delight of freedom. This momentous step will impact every single area of your life — including your pocketbook. Whether you’re starting out with very little, and plan on surviving off of ramen for the foreseeable future, or you’ve been saving for a while and are thus starting off with an advantage, either way, the big move  comes with a number of expenses that can rattle even the best penny-pincher. Don’t panic and ditch your plans though — there are ways that you can become that independent woman and still remain confident about your financial plan. Start Using the “B” Word: Budget! Although it’s not exactly fun, smart budgeting will be your biggest ally when making your move to a new place — especially if you do it before you head out or even begin looking for your new home. Knowledge is power, and the more you have before trying to make it on your own, the better you’ll feel. So here are some tips: Have no idea how much something costs? Don’t be shy; ask your parents and friends how much their gas, electric and water bills are and how much you should budget for each. Or contact the chamber...