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Financial Literacy Month - Budgeting Today for Wealth Tomorrow

Financial Literacy Month - Budgeting Today for Wealth Tomorrow

April 01, 2024

Spend today, save tomorrow?

We've all been there. But if it seems you're always living paycheck-to-paycheck and never able to save anything for the future, then it may be time to make a change .

April is Financial Literacy Month. What a great opportunity to learn how small changes in your day-to-day spending habits can make a difference in your overall financial picture.

A little budgeting may go a long way, and you might be surprised at how little change is required today in order to start saving for tomorrow.

Need a framework to start from?  Below is a sample budget breakdown.

If you have any questions or need help to create a customed budget, call an IFG advisor today.  We're here to help. 

Charitable Gifts        10-15%

Saving                      10-15%

Housing                    25-35%

Utilities                     5-10%

Food                         5-15%

Transportation          10-15%

Clothing                    2-7%

Medical/Health         5-10%

Insurance                 10-25%

Personal                   5-10%

Recreation                5-10%

Debts                        5-10%

This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.