What worries you most?
If you’re like most people, money and financial matters contribute significantly to your stress. In fact, 53% of Americans reported they were moderately or very worried about financial matters
, such as retirement, maintaining their standard of living, medical costs, housing costs, and paying normal monthly bills.
Eliminating financial stress isn’t always easy, but it begins with honest and regular assessments of your current financial state.
To get on a solid financial track for the future, I recommend kick-starting the process by asking yourself the following questions:
What are my financial goals? Am I on track with these goals?
Am I saving enough for a rainy day?
Do I have a weekly or monthly budget? More importantly, do I stick to it?
Am I making the most of my company’s 401k plan?
Do I have a plan in place for my golden years and retirement? How long will your savings last you? Hint: use our retirement calculator to check your progress.
Have I started saving for my children’s college education? Have I investigated or started a 529 Plan? Hint: use our College savings calculator to estimate necessary monthly savings
While there are many details and nuances in each question, beginning here will give you an honest picture of where you are financially, where you want to be, and how your can get there.
Properly managing money today
leads to a better tomorrow
. All it takes is a little diligence and getting into the habit of sticking to your financial goals.
To learn more about making your money work for you, contact
one of Salin Bank’s crewmembers today.