As good as it sounds to have to think only one time about what you’re contributing to retirement and be done with that decision, such an approach will likely result in a significant shortfall in retirement funds. To say you may find yourself exasperated with your account balance when you’re closing in on your time of retirement might be an understatement.
When I graduated from Anderson University School of Theology in 2003, we accepted the assignment to leave Indiana and come to Texas. We had been married four years and had a one-year-old little girl. It was my first (and so far, only) Senior Pastor role. It was an adventure and we had a lot to learn about life, marriage, parenting, ministry and stewardship of our finances.
From Christmas splurges to vacations to nights out with friends to everything in between, it’s easy to spend beyond your budget. Start with a quick review of your budget. You’ll likely find that making a few simple adjustments can get you back on track. Consider using these simple, practical strategies to put your savings on the right track.