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. |
Financial Literacy Month - Budgeting Today for Wealth Tomorrow
