Your retirement may last 20-30 years. According to the Johns Hopkins School of Hygiene and Public Health, the average American life expectancy hit an all-time high in 1999 of 76.7 years. Currently, men in the U.S. average 73 years, women 80 years. Then there's the peace of mind that comes with savings. With money put aside for a rainy day, I don't panic when the roof starts leaking or the car sounds funny.
Mortgage means death grip .
Within about ten years, I could see aggressive saving had been worth every unspent penny. And we've modeled fiscal responsibility to our children. Of course, you don't have to be as conservative as we've been to reap lifetime benefits from saving. Painless Savings Strategies 1. Determine how much you need to save each month toward your goals.