There's no doubt that life gets busy!

As we tend to live for today, it's easy to let time slip away and not plan properly for our financial future.

We want to help by showing you some simple, but often overlooked steps that you can take to both live for today and prepare for tomorrow .

In This Episode You'll Learn:

• How you can still enjoy today while planning for the future.
• Aesop's classic fable, The Ant and the Grasshopper, is an outstanding, longstanding example of the importance of this principle.
• To permit yourself a certain amount (monthly or annually) to spend on the things that spin your dials.

Today's Takeaways

3 Accounts/Buckets of Money

1. Stuff Happens: This is a savings account that you want to feed every month. It has to be automatic (out of sight, out of mind) and the goal should be about $5,ooo for homeowners.
2. Projects: This is another savings account with a nickname. It is used to accumulate for a future purchase (ie. replace computer, car, kid's education/wedding, etc.).
3. Rest of Your Life: This is for the timeframe when you are longer working. It should be made mostly of investments in the market. It represents a source from which to draw a future income.

Today's Resources and Links

• Tim's cash flow worksheet LINK
• USA Today study on Baby Boomers: LINK

What Are Your Thoughts?

• Are you the "Ant" or the "Grasshopper"?
• What projects are you "bucketing" money for right now?

If you have a question or comment about today's topic, we invite you to share your thoughts in the Comments section below.