http://financialrescuellc.com - It's always better to start saving early but saving a little late is also better than not saving at all. Better late than never!

1. Stop Debt Before You Stop Working
Debt, like the aging process, is
inevitable. At some point in our lives,
we get into and get out of debt. Or at
least try as hard as we can.
And if we have learned anything
valuable from such experience, it's
that debt is problematic.
Debt is dumb.
Debt is a trap.
Or as 1st Century B.C. Roman author Publilius Syrus puts it...
“Debt is the slavery of the free.”
If we don't find an escape route from such form of slavery, life will all be about
fight for survival when we're retired.
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A survey result reported by Country Financial earlier this year found out that:
 1 out of 4 or 25% of Americans have $0 in retirement savings
 32% of Millenials, or people ages 18-29, are not saving at all for
retirement;
 38% of 40somethings regret the decisions they've made with their
retirement savings...
 and about half of the 40somethings surveyed said they regret not
saving earlier

2. The survey didn't highlight debt figures but these numbers are dismal
enough.
Could it be that one of the biggest reasons why we are not able to save
enough for retirement is that debt is getting in the way?
For many that is certainly the case-- and there's no need for statistical figures
to accept that it's happening in plenty of American households today.
If you are deep in debt today, you need put an end to that problem so you
can move forward with life and fast-track your saving for retirement.
Start with the highest interest rates
See if debt settlement is right for you
Typically, these are unsecured debts like credit card debts. The reason why
unsecured debts carry such high interest rates is that they are not
guaranteed or "secured" by any asset you might have. It is only secured by
faith that you will pay back what you owe.
Credit cards, however, are a double-edged sword: they are most beneficial
to those who can manage them properly, but they can be a cause of financial
ruin when they fall into the wrong hands.
So don’t procrastinate on paying down your credit card debts. If you have no
idea where to start, simply start with yourself. Be financially educated. Start
caring about your finances.
Reading this blog is a good start!
In no time, you will learn how to pay your debt with the debt snowball or debt
avalanche method, or be able to fully understand how you can benefit from
debt relief options.
Don't forget about student loans, too
Student loan debt is undoubtedly one of the biggest burdens that
professionals have. For many it stays even after marriage, goes hand in hand
with mortgage, car loan and credit card debt.

3. Make it a goal to pay down your student loans. Find viable options like
student loan consolidation to reduce your interest.
If you are getting help from your parents who are nearing retirement, you
could do them a very big favor if you ask them not to help you anymore
because you can work it out on your own.
Saving is difficult enough, carrying a debt load is too much. But when you
get rid of that debt load, you could get back on track and start your retirement
savings.
We know it's always better to start saving early but saving a little late is also
better than not saving at all. Better late than never!