You know the old adage that money doesn’t grow on trees: We can’t just pluck a few bills off the branches and spend frivolously, knowing more cash will grow right back. For most of us, money is a limited resource that takes us effort to earn. Once we earn it, it can take us even more effort to save it. So if you’ve been seeking answers to the question, “How much money should I have saved?” the response depends heavily on how old you are and what you’re saving for.
So you’re leaving your job to pursue new opportunities — congratulations! If you’ve been contributing to a 401(k) in your previous job, you want to make sure you’re safeguarding and optimizing that investment.
When an investor takes a proactive approach to their investment plan in three key areas, and is committed to sticking to their plan in negative markets, their investment returns will be significantly greater over the long-term.
by Steve Schou | FNBT Wealth Management Trust & Investments Officer
In many all aspects of life, there are things we can do ourselves and other things we can’t. If your taxes are simple; you can probably do them yourself, if they are more complicated, you go to a Certified Public Accountant (CPA). If you cut yourself, you get a band-aid; but if you need stitches, you go to a doctor. The same holds true for handling your finances.
by Steve Schou | FNBT Wealth Management Trust & Investments Officer
Opening a savings account can help you take control of your finances. You can use your account to save for a large purchase or to set up an emergency fund. Emergency funds can help you weather unforeseen occurrences. The common guideline is to save up to three to six months of your common expenses to take on any challenges that come your way. As you explore where to open a savings account, consider the following questions.
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