Even though there are several important financial events in your life, your retirement is the single most important financial step in your life. Preparing for this event shouldn’t start a few years before it happens.
September is National Preparedness month and an important component is being financially prepared for all of the life events that can come your way, expected or unexpected. It starts with understanding how different life events might impact your financial situation.
We often hear that a budget is the key to financial success but did you know there are many different types of budgets? Picking the one that works for your current situation is the key to budgeting success.
Are you getting a raise or promotion soon? If you are, it could be a good time to make a few subtle changes to your financial situation. Here are a few moves to make with this new found money so that you can be money smart.
A person’s life can be greatly impacted by the financial goals they establish for themselves. If you are happy with just getting by, likely that will be all you ever accomplish. Setting stretch financial goals in four areas is the key to improving your financial well-being.
Financial advice is often very general in nature. Too often we can mis-understand financial advice or not apply it correctly. This leads to missed opportunities or even poor money decisions. Having an understanding and applying this advice to your situation is very crucial.
Building strong money habits and reaching your financial goals requires more than just an annual planning and budgeting session. Life generally doesn’t go completely as we planned which is why a mid-year financial review is key for financial success.
With the first quarter of the year almost in the books, it might be time to look at those resolutions that you formulated at the start of the year. Many of our New Year’s resolutions may have gone by the wayside. If some of those forgotten resolutions are financially related there is still time to get them back on track.