This is a sponsored post on behalf of MassMutual.
Having overall health isn’t just for your body/mind, but your finances as well. I have noticed when my finances are in disarray, everything else follows suite. Since we’ve talked about taking steps to become fit/become a runner/or lose weight, we also all need to talk about setting goals and taking the steps to have financial success as well. Since it’s Financial Literacy Month, I figured this would be a great time to share some tips on getting fit financially.
Set Goals & Get Organized. Before anything else, you need to establish what your desired outcome is. Create a budget sheet to track your income and expenses, so you can see where you might be able to cut out unnecessary expenses. Make a long term and short term goal list so you know where to start – and where you want to be.
Save. Save. Save. Did I mention Save? You’ve heard it a million times (well at least I have). Always I mean always pay yourself first. If you have direct deposit have a percentage or certain amount automatically deposited into a savings or seperate account so you don’t even count it as bill money. Also set aside money each check for your childs college savings account,for your retirement, and any other finanical goal you have in mind. Like they say, “Out of sight, out of mind.” Eventually you won’t even notice that it’s gone!
Protect Your Assets. Insurance – whether it’s for your home, cars, or your life is a extremely important step to your financial success. Make sure that you are not only protecting that home or car, but also the liability that goes along with owning them. Meet with your insurance agent annually to determine if your policy limits are still sufficient for your needs.
Work with a Trusted Financial Professional. I can’t stress this enough. Having a company you can rely on for your finances is important – whether it’s setting up life insurance, retirement, college savings, or investments, you need a trusted financial professional that has your best interest at heart. Someone who can keep you on track and informed.
Massachusetts Mutual Life Insurance Company has the resources to help you meet your financial goals. MassMutual has tools, calculators, videos and articles are available on their website, and they can even put you in touch with a financial representative who can help you further along in the process of achieving your goals and dreams.
Are you financially ‘fit?’ What are some of your financial goals for the future?
This is a sponsored post written by me on behalf of MassMutual