I’ve worked in finance and helping people plan for their future over 15 years now. I love my job and helping others in my community think about all the “What ifs” of life! Of course you never know what is in store from day to day, so it’s always good to start planning early. My husband and I have been married over 21 years now. The one thing I know is that we try to plan for all that uncertainty in our family so that our kids will be okay. The best time to invest in cheap term life insurance is when you are young, but it’s never too late to purchase a policy. Although getting in at a young age does usually get you a lower premium.
2001: Little did these two kids know what the future had in store….
Here we are over 20 years later:
And there is nothing we wouldn’t do for these two!
These are some great tips when planning for your financial future:
- Set financial goals so you clear idea of why you’re saving.
- Create a budget.
- Build an emergency fund.
- Manage debt. Don’t rack up credit cards and try to pay in cash if possible.
- Protect yourself and your family with good insurance.
- Plan for retirement.
- Invest in other opportunities besides your 401k.
I know a lot of people who follow the Dave Ramsey method and have had great success. We personally save until we can pay for things in full and don’t carry debt. Not carrying that burden on our shoulders is an amazing feeling! Sure, you have to say no to a lot of things, but that won’t last forever and eventually you can say YES to the things you really enjoy.
Life goes by so fast. In a blink really…make sure the legacy you leave your family isn’t one of hurt and financial burden, but of safety, love, and the knowledge that they can carry on successfully in the future.
I’ll catch up on our Christmas vacay soon…in the mean time catch us over on Instagram for the latest! xo – Becky
SANTA 2022:
