How do I create a budget to save for retirement?
Creating a budget to save for retirement is an important step in preparing for your future. To get started, start by assessing your current financial situation and creating a list of all sources of income, such as salary or investments. Next, determine how much money you will need each month to cover essential expenses, like rent and groceries. Once you have that figure, subtract any necessary savings from it and set aside the remaining amount for saving. Finally, decide on a target date for when you want to retire and calculate how much you should be putting away each month to reach that goal.