Solidify Your Foundation: Your Budget, Money & Journey

With endless information available related to finances, key foundational points are often missed. In order to properly progress through Your Money Journey, a household budget becomes critical.
Take Control Of Your Finances
Creating a budget may seem time-consuming, but there are many ways to simplify this process. If you don’t know where to start or have fallen off track, this article is for you. We will focus on three key points listed below:
- What is a Household Budget?
- The “Less Is More” Mentality
- Forming Realistic Expectations
Your Money Journey
You may be asking yourself “Now that I have money, what should I be doing?” We have created Your Money Journey to answer this and help track your financial progress throughout life. In this article, we will discuss progressing to Mile 3. This grouping captures the beginning of your journey before diving into maximizing your investments. The initial stages are as follows:
- Trailhead – Base Reserves
- Mile 1 – Utilize Employer Match
- Mile 2 – Fully Funded Emergency Account
- Mile 3 – Pay Off High-Interest Debt
About Strategic
Founded in 1979, Strategic is a leading investment and wealth management firm managing and advising on client assets of over $1.8 billion.
OverviewDisclosures
Strategic Financial Services, Inc. is a SEC-registered investment advisor. The term “registered” does not imply a certain level of skill or training. “Registered” means the company has filed the necessary documentation to maintain registration as an investment advisor with the Securities and Exchange Commission.
The information contained on this site is for informational purposes and should not be considered investment advice or a recommendation of any particular security, strategy or investment product. Every client situation is different. Strategic manages customized portfolios that seek to properly reflect the particular risk and return objectives of each individual client. The discussion of any investments is for illustrative purposes only and there is no assurance that the adviser will make any investments with the same or similar characteristics as any investments presented. The investments identified and described do not represent all of the investments purchased or sold for client accounts. Any representative investments discussed were selected based on a number of factors including recent company news or earnings release. The reader should not assume that an investment identified was or will be profitable. All investments contain risk and may lose value. There is no assurance that any investments identified will remain in client accounts at the time you receive this document.
Some of the material presented is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Strategic Financial Services believes that such statements, information, and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.
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