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Does thinking about your financial future make you want to pull your hair out? You’re not alone! Managing money can feel overwhelming, but the good news is that small, intentional steps today can set you up for long-term success. Let’s dive into how you can take control of your finances and build the future you dream of.
Does thinking about your financial future make you want to pull your hair out? You’re not alone! Managing money can feel overwhelming, but the good news is that small, intentional steps today can set you up for long-term success. Let’s dive into how you can take control of your finances and build the future you dream of.
Financial Milestones
Where do you see yourself financially by the end of the year? Here are some questions to ask to set you up for a better financial future.
Do I have enough set aside for an emergency?
From medical bills to car repairs, unexpected events can happen so it’s best that you aim to save at least 3 to 6 months worth of living expenses.
Is my credit score where I want it to be?
A good credit score makes it easier to get lower interest rates on loans and better financial opportunities. Remember to pay your bills on time, reduce debt, and monitor your credit report regularly.
Pro Tip: Get a free annual credit report at annualcreditreport.com.
Pro Tip: Get a free annual credit report at annualcreditreport.com.
Am I making progress paying off loans or other big debts?
Reducing debt gives you more financial freedom and can even improve your credit score. Tackle your debts by looking into repayment options, refinancing, or setting up an aggressive payment plan.
Am I saving for my retirement?
The earlier you start, the more time your money has to grow. Contribute to a 401(k), IRA, or another retirement account - even small amounts make a big difference!
Am I investing in my future?
Investments like stocks, mutual funds, or real estate can grow your wealth over time but there are risks.
Looking for professional guidance? Power Investment Services, available through LPL Financial, offers a free consultation to members.
Whether it be retirement, investments, insurance, or financial planning, their team is ready to sit down with you to implement a plan for your financial future.
Learn more at PowerInvestments.org and schedule your free consultation.
Take control of your finances today, and watch your savings grow! Follow Power Financial Credit Union for more tips on how to save.
At Power Financial Credit Union, we provide the tools and guidance you need to work toward your long-term financial goals. Let our team help you create a plan that sets you up for a secure and prosperous future.
Looking for professional guidance? Power Investment Services, available through LPL Financial, offers a free consultation to members.
Whether it be retirement, investments, insurance, or financial planning, their team is ready to sit down with you to implement a plan for your financial future.
Learn more at PowerInvestments.org and schedule your free consultation.
Take control of your finances today, and watch your savings grow! Follow Power Financial Credit Union for more tips on how to save.
At Power Financial Credit Union, we provide the tools and guidance you need to work toward your long-term financial goals. Let our team help you create a plan that sets you up for a secure and prosperous future.