5 Must Know Pieces Of Advice From Financial Planners Unlisted Video
For honest and objective money advice, a financial planner is the best route for many to take.
Certified financial planners have a responsibility to provide recommendations that are in your best interest.
Business Insider reports that the top tips from financial planners are:
1. 'Work hard and save most of your money'. Planners recommend an interest-bearing savings account.
2. Tackle your 'bad debt' first. Pay as much as you can toward credit card debt and high-interest loans.
3. 'Bucket' your savings goals. Create separate accounts or "buckets" for your goals, such as vacation, wedding, and retirement.
4. Live below your means. Set a budget and stick to it. Don't get caught up trying to keep pace with others.
5 .' Don't wait' to buy life insurance. If you have people who depend on you for their livelihood, you need it.
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