A few financial tips (in no particular order) as we move
towards a new year:
· Eliminate
Debt: There is no such thing as good debt. Start with your
smallest debt to gain traction, and do whatever is necessary to not be a slave
to lenders going forward.
· Flexible
Spending Account (FSA): If your job offered you a raise of $640 a year
for going to the doctor as usual, would you take it? Well, you can put $2,650
into an FSA (on scheduled payments directly from your check) that pays your
medical bills throughout the year that is TAX-FREE…that’s a free $640 that you’re
either going to spend, or NEED to spend anyhow.
· Start an Emergency
Fund: 3-6 months is about right. Make sure your rainy day doesn’t
ruin years of hard work.
· Reach out
to a Financial Adviser: We pay people to assist us in so many areas
of our lives, but then think we can handle our retirement and investments on
our own. Seek out an Expert in the area you need it most.
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