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Home 2017 September 13 7 Tricks For Baby Boomers To Enjoy Retirement Savings

7 Tricks For Baby Boomers To Enjoy Retirement Savings

Go Public About Your Savings Goal

 

Need even more motivation to save? Go public with your savings goal, Sicchitano said. You don’t have to announce to the world that you’re trying to save a certain amount. But if you challenge a few friends or family members to see who can squirrel away the most cash each month, the competition might motivate you to save more for retirement.

In other words, add a little fun to the otherwise boring task of setting aside money for the future. “Saving is like eating Brussels sprouts,” Sicchitano said. “Even Brussels sprouts are delicious if smothered in butter and bacon.”

Turning saving into a game not only makes it more enticing but also makes you accountable to others. “If you’re public about it, that pressure can be positive,” Sicchitano said. “You feel the pressure to deliver on what you’ve gone public about.”

Sep 13, 2017Claudia Calina
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