As an electrician, I’m always looking for new ways to save for my Gap year, whether that means going to a new company, starting a new business, or buying new furniture.
For the first time in years, though, I won’t be able to do either.
That means it’s my turn to make up the gap.
And I’m not alone.
According to the American Association of Financial Planning (AAFFP), only 18% of people with a bachelor’s degree in financial planning are actively saving for their Gap year.
And with a high percentage of Americans living paycheck to paycheck, the gap is even bigger.
While it’s easy to save in a timely manner, it’s also crucial to keep your financial planning and budgeting up-to-date and to be proactive about your choices.
This article originally appeared on the Better Business Bureau.
More from our portfolio: How to pay for your wedding and get your wedding dress from Target.