Saving & Budgeting
If you
think your personal finances are in need of an overhaul, you aren't alone.
According to the US Census, the average American household is falling short of
their savings goals. I, along with First National Bank hope to give you some basic tools to help you
establish and achieve your personal financial goals. If you have any questions
or concerns about saving and budgeting contact Nick Zwiebel with First National
Bank and let him know I sent you. Follow me for the next six Mondays for some
great tips, tricks and ideas to keep your savings and budgeting on track.
Last
Monday, we discussed The Six Element of Savings – Today we will share the Five
ways to Save Smart. According to First National Bank, these 5 ways can help you
get back on track for savings and budgeting. It is important to remember to be strategic in
your savings to maximize results.
1. set
a realistic goal
2. pay
yourself first
3.
start now
4.
start small
5. use
separate accounts…why?
Use accounts
like buckets for different expenses and goals. An average household should have
a minimum of seven accounts: Household, Husband, Wife, Medical Savings, Short
Term Savings, Emergency Savings and Child(ren) Savings
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