3 Retirement Mistakes to Avoid

I am so pleased to share this post written by Money Done Right!

Logan Allec is a CPA, personal finance expert, and founder of the finance blog Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.

3 Retirement Mistakes to Avoid

We all want to retire comfortably, but many of us don’t know exactly how to reach that goal. Different people offer completely different pieces of advice, and it’s difficult to determine the best ways to approach retirement savings.

 

This article will cover some of the most common errors people make when saving for retirement. We’ll also explain how you can improve your retirement plan to overcome these mistakes and get back on track. It’s never too late to start thinking about retirement—every dollar you contribute will make a real difference.

Starting Too Late

While you can always turn your retirement plan around, the truth is that starting early is one of the best things you can do for your financial future. The longer you wait, the more you’ll need to save each year to make up for that lost time.

 

The money you invest in a retirement account grows over time, so you’ll end up earning more returns by investing now rather than waiting until next year. When it comes to saving for retirement, time in the market is always better than timing the market. No matter how you choose to invest, the most important thing is to start contributing early.

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8 Practically Free Nights of Channuka Fun

8 Practically Free Nights of Hanukkah/Channuka/ Hanuka/ Channukah Fun!

I have to use all the spelling variations so people can find this on google no matter how they spell it!

Channuka is coming!

I always try to make Channuka special in my house but its not so easy constantly thinking of new ideas and activities to do. Add a budget to that and…. I’m always wracking my brains for fun, child-friendly things to do that DON’T involve spending money or giving presents. I want Channuka to be a real fun time for my kids (and myself!) which is hard, especially when the kids have school and I have work.

We always light candles and sing songs but that doesn’t take us very long and we have a whole night ahead of us with not that much to do. After the kids are asleep I always want to keep the “magic”and “special feeling” going but again- there are only so many times you can eat plain latkes (even if you switch off applesauce and sour cream!)

I do give my kids some presents on Channuka but I keep them very low-key and we only do that one night. I know some people like to give presents every night but not only can I not afford that I don’t want Channuka to be about the presents. It’s about the triumph of good over evil, about keeping our religion in the face of obstacles, about NOT letting materialism run our lives, about being a light onto the nations.

I created a list here of things to do every night of Channuka. Each night has its own “theme” so-to speak.

8 Nights of Channuka Fun:

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Holiday Treats on a Dime

Peppermint Bark, Hot Chocolate and Ice-Skating

What Enhance Your Holiday Spirit?

The holidays (whether you celebrate Hannukah like me, or X-mas, or don’t celebrate a religious holiday at all) are tough time to be poor or be on a tight budget. Besides for all the presents, traveling expenses, loss of pay (for some), there are so many extras that are just so enticing. Hot chocolate! Fancy doughnuts! Anything peppermint! You get the point.

(Are you worried or stressed about budgeting for this upcoming holiday season? Are you tempted to just close your eyes, swipe your credit card and hope your debt doesn’t get too bad? Read these posts to help you Budget for One Thing After Another and Why You Should Budget Even if You Don’t Have Enough Money).

The whole holiday season (especially in the U.S) has become an extremely commercialized, non-stop tempting season. Even if you are not religious, there are so many things that have become part of our “winter rituals”. And who can blame us? Peppermint Bark is delicious! Added to the fact that so many of these things are limited-edition and only are available for a really short amount of time. The pressure to buy it NOW is real.

You would have to be a saint to have perfect self-control during the next few months. And why should you? You are allowed to enjoy and partake all the goodies that are available. Even if you are poor. Even if you have a lot of debt. Its OK to enjoy yourself. Its also OK to be sucked into the consumerism culture every once in a while. You can realize that companies have perfected the art of getting YOU to buy things and still knowingly buy these things.

 

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