{"id":3463,"date":"2018-04-13T06:56:57","date_gmt":"2018-04-13T10:56:57","guid":{"rendered":"http:\/\/electricsaver1200.com\/blog2\/?p=3463"},"modified":"2018-01-05T16:59:38","modified_gmt":"2018-01-05T21:59:38","slug":"ready-retirement-not-late","status":"publish","type":"post","link":"http:\/\/www.electricsaver1200.com\/blog2\/ready-retirement-not-late\/","title":{"rendered":"Ready For Retirement? It’s Not Too Late To Do This…"},"content":{"rendered":"

Most of us realize very late that our poor financial planning has landed us in a quandary on the Eve of our <\/span>retirement. Listed below are some of the common mistakes that we inadvertently make and what YOU can do right now to change that.
\n<\/span><\/p>\n

Plan<\/strong><\/span><\/p>\n

Alan Lakein said, “Failing to plan is planning to fail.” This is precisely what happens with many of us who do<\/span><\/p>\n

not make a financial plan. Remember, your financial plan will work only if it is fault-free.<\/span><\/p>\n

\"\"<\/p>\n

No Action on the Plan<\/strong><\/span><\/p>\n

Assuming you have a plan, but do not put in efforts to make it work, it is as good as having no plan.<\/span><\/p>\n

Procrastination is your greatest enemy in this. Work around this and make a success of your life.<\/span><\/p>\n

No Emergency Fund<\/strong><\/span><\/p>\n

Sometimes things crash, sometimes unemployment happens. By understanding that even if you have the best plan, life does not always go according to plan.<\/strong><\/span> This should necessitate you to create <\/span>an emergency fund covering at least 9 months of your living expenses. This should take care of misfortunes like <\/span>job loss and the like.<\/span><\/p>\n

\"Saving<\/p>\n

Budget<\/strong><\/span><\/p>\n

A budget is imperative for financial planning. Unless you can plan where your money should go, you will not<\/span><\/p>\n

be able to plan your expenditure and balance your cash outflows, leading to a catastrophe.<\/span><\/p>\n

Live Within Your Means<\/strong><\/span><\/p>\n

Many of us are in the habit of spending money beyond our means to give a general impression about our<\/span><\/p>\n

financial health, even when we probably are up to our neck in debt. Be happy with what you have, and live<\/span><\/p>\n

within your means.<\/span><\/p>\n

Know Your Priorities<\/strong><\/span><\/p>\n

Mortgage interests are cheaper than consumer debt interests are. Therefore, follow the principle that prudence is<\/span><\/p>\n

the better part of valor, pay up your credit\/debit card payments first, and cut your interest liability instead of<\/span><\/p>\n

trying to pay off your mortgage fully.<\/span><\/p>\n

How Putting Energy Saving Practices into your home or business, will increase your cash flow or the<\/strong><\/span><\/p>\n

bottom line.<\/strong><\/span><\/p>\n

\"\"Let us assume that you have planned your finances badly, and at the far end of your career, just before<\/span><\/p>\n

retirement, you are really in a financial mess. One area where you could affect great savings is by initiating<\/span><\/p>\n

energy-saving practices at both your home and office. With proper steps, you can increase your cash flow or bottom<\/span><\/p>\n

line.
\n<\/span><\/p>\n

1) You could consider installing a power saver device like the Electric Saver<\/a> 1200, which will considerably<\/span><\/p>\n

increase the efficiency of your electrical equipment in the house, by recycling the wasted wattage arising<\/span><\/p>\n

from the lost efficiency of these products.\u00a0 The savings over the life of the product (25 years) even with conservative savings of only 5% still puts THOUSANDS of $ back in your pocket.\u00a0 If your home uses any motor driven systems in it like: Air Conditioning, Refrigeration, Fans, Swimming Pool Pumps, Jacuzzi\/Hot Tubs, Flourescent Lighting, the list goes on and on, you can benefit from this device.
\n<\/span><\/p>\n

\"KWH<\/p>\n

 <\/p>\n

2) Programmable thermostats will save you a good amount of money by turning the thermostat 10 to 15<\/span><\/p>\n

degrees up or down, as necessary, when you are away, and programming it temperature wise and time<\/span><\/p>\n

wise, to re-start to give you a comfortable zone when you return.<\/span><\/p>\n