A delay in getting started saving money can be quite expensive—a cost you may not be able to pay!

People typically delay getting started saving to fund a financial goal because there isn’t the extra money in the household budget. We make promises to ourselves that we’ll get started next year because next year will be different.

And when next year comes and when money is still tight, we often put it off another year. And then another year.

At some point, we realize we’ve waited too long to get started saving—particularly when it comes to saving for retirement. Your options become limited.


  • You may need to save more money over a shorter period of time to achieve that same goal—an increased challenge to a budget that forced the delay to begin with.

  • You may need to modify your goal to accept something much less than what you had originally hoped for.

  • You may not achieve your financial goal.