After talking about the spending habit, I think it's a good time to talk about saving for retirement. We are not professional financial planner, however, we try to educate ourselves enough to learn the principal of saving. We save 12% of our income toward our 403(b) account, and we will try to max out our Roth IRA contribution limit. Based on our current trend, we should be able to have enough money for our retirement, unless the inflation is more than 10% per year for the next 60 years. Anyway, I found a good quick and easy article to remind some of the basic financial principles.
Quick Retirement Fact
Tool to calculate your current saving goal
Again, the most important thing to reach a financial goal is to develop a saving habit and control spending.
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