Says one financial planner: “I truly believe that most people spend more time planning for a 1-week vacation than they do on their investment and retirements each year.'
But only one of them is going to help you reach your financial goals and retire on time. And it isn’t watching “Keeping Up With The Kardashians.”
Typical time spent a month on budgeting, financial planning and the like: One hour and 12 minutes. That’s about two minutes a day. ‘I truly believe that most people spend more time planning for a one week vacation than they do on their investment and retirements each year.’ — Financial planner Ashley Folkes “I truly believe that most people spend more time planning for a one week vacation than they do on their investment and retirements each year,” adds Ashley Folkes, a planner in Scottsdale, Arizona.
‘’People should be reviewing their spending monthly, especially if they claim they can’t afford to save any more for retirement,” says Folkes. He adds: “I don’t think they like to do that because they will see how they spend.” See also: Those most vulnerable to financial scams are not necessarily lonely, older people with little money or education
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