You’re riding high in April
Shot down in May
But I know I’m gonna change that tune
When I’m back on top, back on top in June
That’s Life, by Frank Sinatra
Many investors took a bath over the past few years, so I don’t blame you if you’re a little gun shy about investing money. And with the economy still kicking people in the rear, saving for the future may be taking a back seat to worrying about immediate needs.
But a little post-recession jitters ain’t a reason to stop thinking ‘bout the future. Like Frankie said, “I pick myself up and get back in the race.” Now’s the time to review your goals and make necessary adjustments to meet them. You see, you’re still going to need money for the big events in your future. Things like college for the kids, weddings, and retirement won’t pay for themselves. It’s going to take planning and perhaps a little sacrifice. So when it comes to saving money in a recession, don’t blink or freak out. Stay focused, but make adjustments as needed, and you’ll find yourself in a much better place when things get back on track. Now that’s life.