If you’re barely getting by, you’re not alone. Nearly 80 percent of U.S. employees claim to live paycheck-to-paycheck, saving very little money as expenses add up.

But it’s still possible to save for retirement if your savings are lagging behind. The Motley Fool’s Wendy Connick has more:

Yes, you really do need a budget

Before you can do anything constructive, you need to know just where your money is going. That means you need to create at least a basic budget to get you started. And while many people wince at the mere idea of budgeting, it’s not difficult or even particularly time-consuming.