Preparing for retirement involves careful planning, budgeting, and sticking to your goals. By working with a Financial Planner, you can use many retirement planning tools to help you create a plan and assess how much you will need when it is time to retire. It is very important to save enough money so that you will be able to retire when you are ready. One of the biggest areas where people often neglect to realize they are wasting money is through the use of credit cards. Many credit cards have astronomical interest rates that in the long run, drive the price of regular household purchases up. Now instead of spending a reasonable amount of money for groceries, you have spent a high price. These prices can hurt your savings. An effective way to save for retirement is to use a budget calculator, to stick with the plan, and to minimize credit card spending.