LI F E
Planning for
LI F E
1. TREAT YOUR BUDGET AS THE LIVING DOCUMENT IT IS
MEANT TO BE. When you take a long trip and use an app to find
your way, you periodically check to see what's ahead and make sure
you are on the best route. Likewise, you should create a budget to
guide you along your financial journey and take steps to ensure it
remains relevant when life detours happen. By keeping your budget
relevant to your life, you can reroute your financial future to get
back on track toward an ever-improving financial position, when
needed. Track your spending on a regular basis, live within your
means and communicate with those who share your budget. View
your budget as a living document to be visited regularly, utilized
consistently and amended as necessary.
2. KNOW WHERE YOU STAND FINANCIALLY. Closely coupled
with treating your budget as a living document is knowing where
you stand financially on a daily basis by balancing your checking
account each day. Not realistic for your life? Then know where you
stand weekly. By being keenly aware of your financial position on at
least a weekly basis, you can stop or minimize the loss of expenses
that sometimes occur.
3. MAINTAIN FINANCIAL MINDFULNESS. Review statements
from your financial institution, credit card companies, investment
firms, etc., to stay informed about your current interest
rate(s), rate(s) of return, and balances, and to
thwart fraud.
THE OLD ADAGE, "Life is what happens while
you are busy making plans," is certainly true.
However, that doesn't mean we shouldn't make
plans, particularly when it comes to our money.
Whether you are just starting out, hitting your
stride or nearing the finish line of your career,
here are ways to improve your financial health.
TO LEARN ABOUT RETIREMENT
PLANNING AND FINDING THE
RIGHT FINANCIAL ADVISOR,
VIEW THE FULL ARTICLE AT
LIFECU.ORG/PLANNING.HTM.
Keep building your financial
health at our new Financial
Wellness Center at
LifeCU.org/education.htm.
BALANCE
WINTER 2018
FROM YOUR FRIENDS AT LIFE CREDIT UNION. GET THE MOST OUT OF LIFE!
