A Financial Planner in Santa Rosa Outlines How You Can Meet Your Savings Goals

May 25th, 2018 → 8:14 am @ // No Comments

A great financial planner in Santa Rosa can do a lot to help anyone reach their financial goals – but it all starts from a foundation of savings.  If you are going to plan ahead for the future, and have a safety net in case of emergency, that means finding ways to set money aside for a rainy day.

We know that saving can be difficult, but a life without financial savings will be one full of stress, worry, and -all too often- tragedy.  However, it’s never too late to start!  Adopt smart savings strategies now and reap the benefits in the future.

 How to Save Money for The Future

The most basic question we’re often asked is “How much money should I save per month?”  While this will vary depending on your specific goals, the ballpark answer is “at least twenty percent of your pay.”  Now, this includes any retirement plans you might already be part of, such as your social security withholdings, so it may not mean 20% of your take-home.

Ideally, around 10-15% of your pay should go to retirement, and the other 5-10% should be used to create an emergency slush fund which you can access quickly in times of …Read More

Leave a Reply