Going on a Bucket-List Frenzy
As you age, you probably accumulate a number of dreams. Perhaps you’d like to visit foreign countries, or you’d like to perfect your hobby (an expensive hobby, at that). No matter what your bucket list consists of, it’s important to keep in mind how these items will affect your savings.
You may think that crossing items off your list now that you’re in your 50s is the best way to go- after all, you may not have the energy to do them while you’re older. But you have to really consider if doing so is a smart financial move, too.
If you enter your retirement with little money to spare because you went on a frenzy, your golden years will suffer. And if you have items on your bucket list that you’d still want to cross off, then you’ll be less likely to do them, leaving you feeling unsatisfied about your retirement.
Be mindful of how you spend your time and money before you retire!
