Retirement Weekly: How to make your finances a source of empowerment, not stress

by | Jan 13, 2023 | Stock Market

After a busy (and inflation-heavy) holiday season, we all could use a collective exhale. It’s also your chance to take a deep breath in, too: January is financial wellness month, a great opportunity to clear our heads and look at what steps we can take to help make our financial lives better as we move forward from here. We all know money can be a source of stress, but your finances can also be a source of empowerment. As we start a new year, let’s look at two pillars that can help you build a better relationship with your money and move toward a more secure financial future.

Back to the basics: Budgeting, debt, and emergency savings Think of yourself as a business. Just like a CEO needs to be aware of the balance sheet and income statement of his company, the first step in improving your personal financial wellness is to understand what you have coming in and what you have going out. From there, you will more readily see what you can do to move yourself closer to your financial goals. Look at all your income sources, debt payments, credit cards, and bills. Separa …

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