“In the ’60s, there was the perception that if you moved to Applewood, you had arrived,” Jack Hoopes, president of the Applewood Property Owners Association, wrote in a community
Easier said than done but before you spend any money on bills, entertainment, or whatever other expenses come your way, put a portion of each paycheck into a savings account. If your emergency fund is lacking, complete it first. If you have enough short-term reserves, focus on retirement.
But if you fail to follow this basic savings rule, you could easily get into trouble the moment an unexpected financial emergency strikes. Without ample savings, you may have no choice but to resort to debt if you lose your job or a whopper of a bill falls in your lap. Worse yet, you could even lose your vehicle or home. That's why it's important to stash three to six months' worth of living expenses in a savings account earmarked for emergency situations.
But it's not just emergencies you'll need money for. Once retirement rolls around, you'll face a world of expenses, from housing to healthcare, and if you don't save independently, you risk running out of money in your old age.
Change your financial future with this ONE rule!
As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....
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