How To Tell If Your Savings Are On Track And What To Do If They’re Not

How Do I Know If I’m Saving Enough?

Ever wonder if your savings are actually on track or if you’re just crossing your fingers and hoping? We dig into a practical way to answer that question with clarity, starting from your emergency fund runway and moving through the habits and math that make a real difference. Jason Taylor, CFP and creator of MyPocketFP, joins Julie Schwenzer to unpack why flat rules like “save 10 percent” miss the point and how a personalized savings rate gives you a smarter, simpler target you can steadily improve.

Together we break down lifestyle-driven retirement planning, where the number you need depends on how you want to live, not your age. You’ll hear how to translate travel dreams or minimalist goals into an annual spending target, then back into the savings rate that fits today’s income. We also tackle near-term milestones such as down payments and car replacements, showing how to set a monthly number, choose safer vehicles for short horizons, and sequence goals so you can make progress without burning out.

Debt gets a clear, no-shame review: what makes some borrowing “less bad,” how to prioritize high-interest balances, and why keeping a small but steady savings habit alive during payoff builds resilience. Jason also shares the psychological side of money—how early experiences shape our behaviors—and the simple systems that help you win anyway: automation, annual reviews, and tiny percentage nudges that compound over time. We wrap with a hands-on look at the MyPocketFP app, which centers everything on your savings rate so you can track, adjust, and celebrate visible progress.

If you want a calm, confident plan that matches your life, not someone else’s benchmark, this conversation is your roadmap. Listen now, then subscribe, share with a friend who’s setting goals, and leave a quick review to help more people make smarter, lower-stress money moves.

To learn more about MyPocketFP visit:
https://www.MyPocketFP.com
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