Planning for the Future while Living in the Now

Like most moms, I handle the finances in our household. Lately, I’ve been focusing more and more on our future and long-term financial stability versus the instant gratification that I normally allow us.

It’s becoming increasingly more about saving for the future, the forever home we want to have our grandchildren come to visit and the family vacations we want to take. We are thinking about what we want our retirement to look like not just what we want today or tomorrow to be.

It’s always felt like we’re just ahead of the financial curve. We work hard and make good money but we are not the best at budgeting and we like to maintain a certain way of life. Sometimes we say yes, when we know we should say no to our children. When unforeseen expenses occur, it gets uncomfortable. When if we were just slightly more financially responsible or just stuck to a budget, it would all be so much easier.

I remember when we were first thinking of having children all those years ago, we felt like we would never be financially ready. Then someone gave me the best advice I’ve ever gotten; there is never enough money and there is never a perfect time to do anything, especially have a baby. It’s true. Children are expensive: more expensive than I ever imagined but we figured it out.

The thing no one ever tells you, as a parent is that what’s really the expense is loving them so much that you want to give them everything. It’s an innate desire of all parents to want to give their child the best and that is where excess easily creeps in and that’s when budgets fly out the window and that, my friends, is where we seem to drop the ball but that has to change.

But I do believe that with a little practicality and planning things can go a little more smoothly in life than if we continue on this road of continual instant gratification. I completely realize that you can’t take “it” with you. I don’t really believe in saving anything for a special occasion and I don’t want to spend my entire life agonizing over every single purchase I ever make but I also don’t want to find myself with no nest egg when the time for retirement comes so I’ve started looking into different ways to save for our future.

One option that I find intriguing is a gold IRA retirement account . A gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold is held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars.

Why consider holding physical gold in an Individual Retirement Account? Because, when my family’s future is at stake, I want to bet on a sure thing. I don’t want our entire retirement hinged on the state of the economy. Our future is too precious to leave to such chance so I think investing in gold IRAs is a more secure investment.

How are you saving for your future?

 

Disclosure: This is a compensated post but all opinions are my own.

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