NewsMaking It In San Diego


Making It in San Diego: Getting started with your financial planning

Posted at 12:24 PM, May 31, 2019
and last updated 2019-06-03 12:26:31-04

SAN DIEGO (KGTV) - Life in San Diego is expensive. Most people would like to have more money, but they don’t always like talking about it.

10News is exploring solutions in our coverage of Making It in San Diego.

The fear can grow when retirement comes closer.

“You wake up and it’s already gone, and I’m in my early 60s and all of a sudden you have to plan for these things,” says Bob Bishop, who is close to retirement age.

RELATED: Making It in San Diego: Not all 401Ks are equal

The SDFLC is a nonprofit group offering help to people at every stage of life, free of charge.

“Planning, figuring out what it is you want to accomplish is the most important thing you can do,” says Chase Peckham, Director of Community Outreach at the SDFLC.

Through programs like “Smart with your Money” and “Boost for our Heroes”, the center tailors its financial advice to the customer’s needs.

RELATED: Making It in San Diego: Woman climbs out of $133,000 debt hole

The hardest part of the planning is asking for help.

“We’ll hire somebody to come help us in our yard, we'll hire somebody to come fix our plumbing, so why not get help from financial experts and they see it every single day.”

Experts offer one key tip to get started: pay yourself.

“That way you know every single month what's leftover. You don't have to put away because you've already put away the amount you want to put away.”