Rainy days won’t seem quite so rainy. What do we mean? Well, when you have funds saved up, it can help cover emergencies and unplanned expenses. Did you know that 78% of us will be presented with a major negative event within a ten year period (Money Magazine)? It’s true! Wouldn’t you rather be safe than sorry? Start saving and stop worrying!
Retirement will be that much sweeter. For some, this may be farther off than for others –either way, if you start planning for your retirement now, you’ll thank yourself later. A whopping 49% of Americans are currently not saving for retirement (CNN Money). By not relying on social security and instead taking advantage of 401K plans and/or meeting with a financial advisor you can greatly reduce your retirement stress.
Freedom will ring. Freedom of debt is one of the best freedoms. Studies show that when purchasing with ‘plastic’ rather than cash you’ll spend 12-18% more! Quit digging yourself into the holes of debt; rather than putting big purchases on credit, save up! This can help you avoid the stress and hassles of debt and can help you build interest. When planning for bigger expenses by saving, you’ll be more conscious of where and how you’re spending – making the purchase worth your while.
You’ll just feel better. Finances affect nearly every aspect of life. By reducing financial stress, you’ll be able to have a more positive outlook on many situations. You’ll be able to feel better about your spending and know that should an unfortunate situation occur, you won’t be scrambling. Get financially fit today!