As someone who writes about saving for retirement all the time, it sort of pains me to admit that I did not, in fact, begin funding my nest egg the moment I found myself working on a full-time basis. Back then, in my early 20s, my priority was paying off my student loans and building up an emergency fund. I refused to put a dime into a retirement plan until I'd met those goals.

These days, I contribute to a retirement plan regularly. But I have a lot of friends who don't -- and the reason often boils down to mounting expenses.

As much as I might sound old saying it, it costs more money to function as an adult these days than it did when I was growing up. Nowadays, you need a cellphone, and cable or streaming services, and so forth.

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Source Fool.com