Finseca: Keep Your Budget Cool This Summer - Tips for Financial Security
July 02 2024 - 10:00AM
PR Newswire (US)
WASHINGTON, July 2, 2024
/PRNewswire/ -- Summer is heating up, but that doesn't mean your
budget has to. With exciting activities and outdoor festivities
come extra expenses that might catch you off guard. Summer is often
the second most expensive season, primarily due to increased
vacation and travel costs. However, with a bit of foresight, you
can enjoy the season without straining your finances. Here are four
steps to help you keep your spending in check.
- Set a Clear Financial Goal. Determine what you want to
accomplish this summer. Do you need to grow your emergency fund?
Are you saving for an upcoming purchase? Write down your goals to
prioritize saving and spending on what matters most to you.
- Pay Yourself First. Remember to pay yourself first by
putting money towards your financial goals before spending on
non-essential items. Create a sustainable budget by including
specific items for your primary financial goals, such as building
an emergency fund, paying off debt, maximizing your retirement
contributions, or saving for a major purchase.
- Create a Holistic Financial Security Plan. A holistic
plan includes permanent life insurance, investments, and annuities.
Ernst & Young proved that Americans with holistic financial
plans experience better returns than those without. Incorporating
these elements into your strategy will provide financial
security.
- Talk to a Professional. One of the best ways to learn
about financial security, especially if you're just starting, is to
consult a financial security professional (FSP). Ideally, choose a
Finseca professional. A holistic financial planner can guide you
through protection, planning, and investment options to ensure you
start on the right foot.
At Finseca, our mission is to ensure FINancial SECurity for All.
With some planning, you can prevent summer from burning up your
finances and take key steps toward lasting financial security.
About Finseca
At Finseca, we know that financial
security improves people's lives and protects their livelihoods and
future well-being. We are rising to the challenge of increasing
financial security for all. Finseca represents the men and women of
the financial security profession who dedicate themselves to
delivering holistic financial security to their clients every
day.
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SOURCE Finseca
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