Investing for the long-term: _ when the market is .
Kristi, a Senior Wealth __, talks about investment planning _ the COVID19 pandemic.
Smart Savings Tips to __ Financially for the New _
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The start of a year is upon us. _ a great time to _ yourself a fresh start boost your savings.
Here are some tips __ help you reach your in the new year.
1. Understand the Big __
Where do you stand _ it comes to your __ credit, savings and debt __? It helps to know you stand before setting _ goals. To measure your __ credit health, look at _ credit score. This will _ you plan for the _ with confidence.
2. Track your Monthly
Get a handle on _ spending. Each month, track of your expenses – from the $4 coffee __ the monthly mortgage payment. __ month’s end, tally up _ spending. Does it meet __ exceed your budget? Cut _ in the areas you and move the excess _ a high-yield savings account . You can also it to pay down _.
3. List your Financial
Are you saving for _ kitchen remodel? Maybe you’re __ at a trip to _. Whatever your goals, know _ it will take to them. Don’t forget about biggest savings goal of _ life. Retirement takes planning. a retirement calculator to figure out _ target amount.
4. Determine Timelines for _
You want to start __ in that new kitchen __ July. You’d love to _ that trip to Hawaii __ December. Divide the amount want to save for _ goal by the number __ months until your deadline. more complex calculations like , refer to an online savings calculator .
5. Be Flexible
Add up your monthly . If the total exceeds _ budget, start scaling back. can do this by _ the timeline or cutting _ goals altogether. Remember that _ experts recommend having enough _ on hand to cover months’ worth of expenses __ case of emergencies. Once reach a monthly sum _ you can handle, set __ an automatic monthly withdrawal that amount from your account to your savings __.
For longer term goals, _ retirement and college, look _ tax-advantaged accounts like 401 (_) plans, IRAs or a Coverdell _ Savings plan. Consider getting _ from an expert to help you _ your overall financial plan.
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