It’s wise to plan ahead. Especially when it comes to retirement, thinking of the big picture can be very helpful.
Of course, balance is required in all areas of life. This is also true when it comes to being frugal in retirement. As mentioned in this article, some people regret the fact that they spent more time preparing than living.
The individual here saved their entire life, but in some ways, they robbed themselves of the present moment. They passed up the chance to take trips with others, which affected those relationships. And now, even with a stable retirement fund to draw from, they have mixed feelings to go along with it during life’s later chapters.
What do you think is the right approach to saving for retirement? How frugal is too frugal? Is there a certain percentage of money a person should save from each check? An ideal age to start saving? Share your thoughts.
