5 Must Know Pieces Of Advice From Financial Planners

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. https://www.businessinsider.com/smart-free-money-advice-from-financial-planners http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com