Feeling very nervous
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| Sat, 02-13-2010 - 11:29am |
So, now that our CCs are paid off we have made an appointment with a financial advisor to do some retirement planning. Fortunately we are still pretty young (I am 35, DH is 37). We did start saving in our 20's. DH has a great pension at work. Mine is not that great. We think that we have been putting away enough in our retirement that we will be okay. But I am so nervous that we will be told differently. If it turns out that we need to save more, we will have to re-jig our budget. It would mean less money for the kid's activities, home improvements, entertainment, etc. It would be a hard pill to swallow as we don't feel that we are terribly indulgent in these areas as it is, so a cut-back would be hard to take.
I find that balancing between "living for right now" and "saving for the future" is so hard. Does anybody else feel that way?


Hi, Silly Canadian!
Try thinking about this, it helps me.
I feel that way - we are in our early/mid 30's too and we did start saving a little in our 20's but nowhere near enough. I also had my pension closed by my employer last year so that won't be a big help.
Right now we are very focused on paying off debt, once we are in a better place we plan to work on our future more aggressively. Even though we are paying debt off, we don't do it to the point that we can't do the things we love the most. We just cut out the extras that weren't improving our quality of life (like most eating out & shopping). We still go camping nearly every weekend in the summer & we each have our hobbies that we enjoy. We figured out ways to do these things "on the cheap".