priorities – Pennysaverblog

Budgeting

What Are Your Priorities?

If you want to be successful in life, both in your achievements and with your finances, it is important for you to define your specific priorities. It is very hard to achieve anything or to save money if you don’t know what your goals are.

Everyone has priorities, whether they are aware of them or not. If you had to tell me off the top of your head what your priorities are right now, would you be able to come up with a few right away? Some people’s priorities include providing for their children, saving for retirement, advancing their career, etc.

July 22, 2011

Family

Is Your Priority Education Or Retirement?

On the Oprah Winfrey Show a while ago, Suze Orman was helping a family to discover what was most important to them. The discussion was around whether or not a particular set of parents should be funding their daughters’ post secondary education.

I remember it keenly because the father was extremely determined and he insisted that he and his wife fund their daughters’ education even though it would mean they would be emptying most if not all of their retirement savings in order to do so.

The mother, however, didn’t think this was a good idea. She had retirement goals and didn’t want to have to forfeit their retirement. It is not that she didn’t want to help her girls, but she also recognized their need for a retirement nest egg.

September 22, 2010