| In this article today I'd like to talk about several tips, | | | | Many people purchase new cars every year or every |
| tricks, and techniques that almost anybody can use | | | | couple of years and this is one area you can |
| to help play catch-up when it comes to retirement | | | | definitely make up some time with. First of all, don't |
| savings if you are nearing retirement age and haven't | | | | buy that new car. If your pay on a loan for your |
| put aside a significant amount of money yet. | | | | current car, consider selling the car and paying off |
| Everybody means to save for retirement but then | | | | the loan, and then purchasing a smaller cheaper used |
| the dishwasher breaks or the car breaks or the roof | | | | car that you can pay for right away and pocket the |
| starts leaking or your second son needs bail money | | | | difference in savings straight to your retirement |
| or one of a million other things happens because | | | | account. Purchasing a used car for cash can also allow |
| these things do happen in life and retirement saving | | | | you to purchase liability insurance which is much |
| gets shoved into the background, soon to be | | | | cheaper than the full coverage you may have been |
| forgotten as we scramble to live our lives. | | | | paying on your old car. |
| Unfortunately a day of reckoning will eventually arrive | | | | Finally you should put retirement savings first and |
| when you realize you're nearing retirement age and | | | | foremost above college savings. Most parents want |
| haven't put aside any money or not very much | | | | to save money to send their kids to college but you |
| money. Many people freak out when they realize this! | | | | should not do this at the expense of your own |
| What can you do this late in the game? That's | | | | retirement account. Why is this? It may sound crazy |
| exactly what I'm going to talk about in this article | | | | but it's not. Every bank in the world will loan your |
| today. Luckily there are many different things you | | | | child money for college but no bank will loan you |
| can do, but most of them revolve around cutting | | | | money for retirement therefore you should focus on |
| down on your expenses dramatically and saving | | | | saving for your retirement first because at the end |
| absolutely as much money as you can right now. | | | | of the day your kid can get a loan themselves or a |
| So how exactly can you spend less? Well you have | | | | scholarship. Heck, some of the top schools like |
| to make some hard choices that are not pleasant but | | | | Harvard will pay for your kids college education if you |
| still need to be made. For instance consider selling | | | | can't pay yourself. |
| your house and purchasing a much smaller house. | | | | So there you have several very simple tips that |
| Many people purchase smaller houses for retirement | | | | anybody can use to start playing catch up in the |
| anyway because they're easier to maintain and | | | | retirement savings game right away. At the end of |
| property taxes are much less. If you're going to do | | | | the day the main idea is to cut down on every single |
| this anyway, you might as well do it now so that you | | | | expense that you possibly can and sock as much |
| can start saving the amount you were paying on | | | | cash away into your retirement as quickly as possible. |
| your mortgage for a larger house. | | | | There really just isn't any other way to do it. |