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Kiplinger
Kiplinger
Business
Eric Roberge, Certified Financial Planner (CFP) and Investment Adviser

Are You a High-Income Earner? Three Unexpected Reasons to Save More Than You Think You Should

A clear piggy bank filled with gold coins appears to glow against a bright pink background.

Saving money is often framed around two main goals: setting aside a portion of earnings to build a nest egg for retirement, or building up cash savings to use on big purchases.

These are obvious reasons to save — but what if you don’t have a hyper-specific short-term goal that gives you a clear reason to feel motivated about saving? What if you already saved up for and bought the nice car? What if you moved into your forever home five years ago? What if the idea of retiring decades from now feels so far-off and removed from your present-day life, it's tough to get inspired to save the dollars you earned today so that Future You can enjoy them decades down the road?

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