Savings & Budget 101 - the Next Steps

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 what Compounding Interest and its benefits. Well this week, according to First National Bank, you will just need to follow the next steps and you should be on your way to a balanced budget.

Next Steps

Taking action: Making a plan is the
most important part of balancing
your personal budget.

·         1. write it all down

·         2. cut back on 'wants'

·         3. set savings goals

·         4. find quick savings wins

·         5. pay down debt

·         6. make interest work for you