Cortburg Speaks Retirement

3 Ways To Improve Your Finances

• Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® • Season 2023 • Episode 152

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Cortburg Speaks Retirement - episode #152: 3 Ways To Improve Your Finances for Self-Improvement Month / Investment in Stock Market, Financial Planning, Retirement Planning, Money Management

In this audio podcast episode, Miguel Gonzalez shares a few simple tips that may help improve your personal finances so that you may move on to other important areas of self-improvement.

Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®

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INTRODUCTION

Welcome to Cortburg Speaks Retirement

An audio podcast about investing in the stock market, financial planning, money management and retirement planning.  Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.

Now here is your host, Miguel Gonzalez.

 

HOST

Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.   

On this week’s audio podcast, I talk about 3 ways to improve your finances during this self-improvement month.

  September is self-improvement month and a great time to work on your financial health. When you think of self-improvement, you likely think of your health or career but may pay little attention to your finances. Getting your financial health in order may help alleviate stress and give you some breathing room to improve your life in other ways. Below are a few simple tips that may help improve your personal finances so that you may move on to other important areas of self-improvement.

Trim Down Your Monthly Bills

One of the biggest complications with finances is having more monthly bills than your income can cover. Consider reducing unnecessary expenditures. Start by creating a detailed budget with all of your monthly bills in the order of most to least important. Make sure you include allotments for clothing, food, and savings. Then, determine how much money you will receive each month. If you don't have enough to cover all of your bills, draw a line through where your income runs out and see if you can cut down the bills for less important things. If you have enough income to cover all your bills, look at your least important expenses to see if some are worth eliminating to add more to your savings.

Tackle Your Debt

Another potential financial headache is having a significant amount of debt, especially when it seems to grow larger instead of smaller. Come up with a plan to pay down your debt as quickly as possible so that you may use the savings on interest for more important matters. There are two methods to try. The first involves tackling the debt with the highest interest rates and moving down the list paying off each debt as you go. The second option is to pay the smallest debt off first and use that payment amount as an added payment to tackle the next largest one, snowballing it until all of your debt is gone.

Make Savings a Priority

Saving is part of planning for your future and also may be needed for unexpected emergencies. Make sure that you set aside money each month towards savings, whether you need it to grow an emergency fund, save for education, or plan for your retirement. Once you set an amount to put aside each month, work it into your budget so you make it a part of your regular monthly allocations.

If you are looking for other ways to improve your finances, we are here to help. Contact one of our experienced financial professionals today to find out ways that may help get your finances back in shape.

Make sure to visit our website, www.CortburgRetirement.com. Our site is filled with educational videos, eBooks, publications, and financial calculators designed to help you learn more about your finances.  As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.

This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.  

 

DISCLOSURES  

Opinions expressed are subject to change without notice and are not intended as investment advice or a solicitation for the purchase or sale of any security. Please consult your financial professional before making any investment decision. 

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

CRC conferred by The International Foundation for Retirement Education.

Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.  

Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.

Investing involves risk including possible loss of principal.

·         The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

·         All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.

·         Sources

o   https://www.thebalance.com/get-control-of-finances-2386026

 

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Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®

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