Saving For Your Retirement Latte


If you’re like most people, saving and investing money can be bit overwhelming. There are so many different plans, investment options, and decisions to make. It seems much easier to worry about it tomorrow and enjoy your extra hot grande caramel macchiato in peace, right?  However, if you want to enjoy that macchiato thirty years from now, you may want to keep reading!
(We promise not to bore you).

First, take a deep breath. Saving is not nearly as scary as finding that spider lurking in your garage. It’s actually very easy to get started. The most important question to ask yourself, really, is what you’re saving for. Whether it’s a new car, a trip to Greece or retirement, knowing what you are saving for is the first step to setting your goals.

What we recommend is to set some SMART goals to help you develop a personalised plan. SMART stands for specific, measurable, achievable, realistic and timely. If this seems daunting, an advisor can help you set SMART goals, and then work with you to develop a plan to achieve them.


One very common goal is saving for retirement, which raises a big question - how much is enough? Truthfully, there’s no magic number and it all comes back to your SMART goals. When you retire, do you want to eat Kraft Dinner everyday and never leave your house or do you want to explore the world with your granddaughter? Everyone has a different lifestyle in mind and it’s important to save for your unique goals, not someone else’s.

What if you already know what your goals are, but you’re living paycheque to paycheque? Where do you even begin?  We suggest starting with everyone’s favourite financial word… a budget. It may seem time consuming, overwhelming, or something your grandparents did, but it’s really quite simple once you get started. Knowing how much money is coming in versus how much is going out can be a real eye-opener. It can help clarify your basic needs and make sure they are met, while uncovering ways to tuck money aside each month.

Don’t feel that you need to figure it all out on your own, either. Certified Financial Planner Professionals have the expertise to help you develop goals and set a plan in place to achieve them. Think of it like having someone in your corner every step of the way to help you reach your financial dreams.

Start your budget and set those SMART goals today, and keep on enjoying that macchiato!