OH my goodness, I have been riddled with anxiety lately. I promise to never roll my eyes when I hear of someone having an anxiety attack, ever again because it is very, very real. I won’t talk about why I got all crazy the past few weeks quite yet, but I will tell you about one thing that has contributed to my anxiety and that is: FINANCES!
The Workaholic and I, (OK really just The Workaholic) had a really beautiful savings before we got married. He used that to buy my engagement ring (that disappeared down the disposal a year and a half ago), and to pay for our wedding – probably not the smartest idea ever.
Now we teeter on the edge of being able to pay our bills and not. I’ve recently talked about finances with other parents in our area and despite the fact that our husbands all make varying amounts of money, we’re all stressed out about what next week will bring, whether or not we will be able to pay our phone bills next month, and HOLY COW! what happens when we’re old and we’re greeting people at Walmart because we never saved money when we were younger?
The Workaholic and I just kind of figure that we can’t afford to cut anything out so we don’t invest in our futures, and that totally stinks! This avoidance causes anxiety, the anxiety causes avoidance, it’s just a really nasty, never-ending cycle.
But the cycle CAN be broken. It just starts with you learning to have open dialogue about budgets, and how you’re going to make room to save for the future. Sometimes you have to feel the crunch now to feel less of a crunch when you retire.
Young people don’t know how important this really is. We think that just because we’re in our early, middle, or even late 20s, we’re exempt from having to think about growing old. The fact is that we are living longer and healthier lives now than we ever have before, which means that we really need to be thinking about retirement as soon as we learn the concept of saving money.
Unfortunately I’m still working on that one.
That kind of goes hand in hand with learning to save enough money to sustain your life should you unexpectedly become unemployed.
Genworth has a really good calculator that helps you figure out how much you should save, how much you can save each month, and how long it should take you to save that amount. If The Workaholic were to lose his job today, we’d be on the streets. So much for advance planning on our part!
This recent anxiety attack has really made me realize that something has to change in this household. We absolutely have to save more money and plan for our futures.
As nice as a future with grandkids and RV trips across the country sounds, those things won’t be nearly as enjoyable, or even feasible, if you have to work until you die.
HEY YOU! Yeah, you.
Start saving for your future today, because you’re going to be retiring sooner than you realize, and you want your retirement years to be stress and anxiety free.