How to Save for Retirement While You’re in Debt
Even while you’re paying off debt, it’s possible to save for your golden years with the right strategy.
One of the biggest roadblocks to people saving money for retirement is credit card debt. High balances eat away at cash flow, forcing you to live paycheck to paycheck and making it impossible to save. But even while you’re paying off debt, with a little planning and taking advantage of available retirement savings tools, you can start to save for retirement.
This guide is designed to help you start saving for retirement as you’re working to get out of debt. That way, you’re not continually delaying retirement because you have debt to pay off. Then once you find the right combination of solutions to get out of debt, you can start to gradually boost your retirement savings, so you can have enough saved to retire on time.