As we kick off the New Year, you may be having some thoughts about your newly made resolutions that pertain to your financial wellness and money management. But as with most people, budgeting, personal finance, and managing your savings may not be your strongest suit. You are in luck. January is Financial Wellness Month which means now is the best time to sharpen your financial education knowledge so you will stay on the right track this year and beyond.
There are several websites offering tips on how to save money. Here are a few:
- HuffingtonPost.com- 8 Tips for Financial Well Being – some of these tips include automating your savings (put at least 10% of your paycheck automatically into your savings account using direct deposit each week), and limiting your entertainment expenses.
- Money.com- 7 Amazingly Useful Tips on How to Achieve Financial Wellness– developing a budget is the number one tip in this very comprehensive list which also includes pointers on how to save money for emergencies and get tax advice.
- FinancialLiteracyMonth.com- Your 30-Step Path to Financial Wellness– following this path, you will need to start with commitment. Learning to change your attitude towards money is essential.
- Equifax.com- Top Money Management Tips for National Financial Wellness Month– tracking your spending and making achievable financial goals can be done easily by following these tips offered by one of America’s top three credit reporting companies.
We would also like to offer this bit of insurance advice: Review your policies to see if they are financially adequate for your current and future lifestyle. We would be happy to go over them with you and make any necessary additions or changes to help you and your loved ones on your path to financial wellness. Just call us with your questions and concerns.
