October is National Financial Planning Month Part 1
You might be surprised to learn that October is National Financial Planning Month and it’s a great reminder to take a few small steps to help improve your financial health and make better money management decisions. With the holiday season quickly approaching and all the upcoming expenses associated with this time of year, there’s no better time than now to get your finances in order.
I want to take the next few weeks and share with you some practical steps anyone can implement.
Let’ start with the very basic, but very practical steps. How is your…
Your Financial Pulse?
Here are a few things for you to consider:
- Review your spending –go thru looking at where all your money is coming from and where it’s going? Are you happy about it? Anything you want to change?
- Tackle debt – Reset point is great on the journey of paying debt off. From your spending analysis, can you pay more? Can you pay extra?
- “Beef up” Emergency Reserves – Pandemic reminded us how having “fatter” rainy day funds can provide more peace of mind. 3 to 6 months of living expenses is my quick rule of thumb. Are you close to that? If yes, then “beef it up” to 9 months! It may come in handy one day.