Father's Day Financial Tips
This Sunday is Father’s Day, a time to spend with our loved ones celebrating and thinking about all our Fathers have done for us. Whether those memories were attending childhood sports games, driving you to and from college, or giving parental advice at a grandchild’s birth; one that most likely rings a bell is the old financial tips. Father’s take pride in their children and want them to succeed in all they do. They want them to make smart financial decisions and learn from their lifetime of wisdom.
Here’s a few Father’s Day Financial Tips
- Build up an Emergency bucket
- Stash enough cash to plan for any unforeseen circumstances
- Save Early & Often
- The earlier you start saving the better off you will be in the long run
- Protect your Family
- Make sure your Family is protected with Life, Health, & Disability Insurance
- Mitigate Debt
- Live within your means and balance debt with what you can afford
- Take Advantage of your Employer Retirement Plan
- Out of Sign Out of Mind: Put away money for retirement, and defer at least the amount your employer is willing to match
- Diversify your Investments
- Whether its Stocks, Bond, Real Estate, etc. “Don’t Put All Your Eggs in One Basket”
- Take Care of Yourself
- Strive to live a healthy lifestyle and take care of your family
- Limit Stress - exercise, eat well, and vacation
We wish all of our Father’s a very Happy Father’s Day and enjoy your weekend.