Home » Community » Blog » January 2014
What does retirement look like for you? Do you dream of golf outings, spa treatments, travel,
and eating at nice restaurants? Or, do you want to live a little more simply – card games, time
with friends and family, meals at home, reading? Do you know how much you’ll need to just live
versus living your dreams?
Have you finally decided it’s time to make a budget or at least get your some of your expenses under control? Well, one of the first questions you should have is how much should be allocated to each expense area. The best way to answer that question is to use what others are spending for each type of expense and build your budget from that starting point.
For most consumers there has to be a decision on whether to build your retirement savings or to build a college fund for your children. This is a very tough decision and one that can be emotionally charged. The best way to answer which should be a priority is to take the emotion out of the question and look at it as a pure financial dilemma.
It is important for you to become familiar with various types of phishing scams, and how to guard against them.
One of the most important building blocks for a sound financial future is to be prepared for the unexpected…and having an emergency fund is the key to being prepared financially. Many times emergency funds are derailed because we don’t have enough saved or we use them for non-emergency items.