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Forbes: How to Save Money When You're Broke

How to Save Money When You're Broke

By Katherine Pilnick

Saving for retirement should be among everyone’s financial goals, regardless of age. No one knows what will happen to the Social Security system over the next generation or two, or what the official retirement age will be in 10 or 20 years.

Ideally, you should start saving early in life, giving you ample time to grow your nest egg to a respectable size. The bigger the stash, the more options you have when you need to tap into it. But with debt following most people throughout life – particularly in the form of student loans, mortgages and credit card balances – it’s hard to find a good time to start putting money aside. That’s why you should start saving for retirement even if you are still in debt.

Sound daunting? Here’s how to set priorities and juggle competing demands.


More From Forbes:
Ten Steps To Get Your Retirement Back On Track
25 Best Places For A Working Retirement
10 Best Countries To Retire To in 2013

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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