fbpx

Financial Security Steps

budget method

How to Find the Best Budget Method for Your Life & Money

Do you find yourself struggling to work out how much money you’re spending and where it’s going? We all know that budgeting is an important part of financial stability, but many people don’t know where to start. With so many different budget methods, which one will be the best for your life and money situation? …

How to Find the Best Budget Method for Your Life & Money Read More »

Financial Security Step 10 | choose your next financial goal - Balanced FI

Financial Security Step 10: Choose Your Next Financial Goal

Listen to the podcast episode The final step toward financial security varies from person to person. You can choose the next financial goal to pursue after Paying off debt Saving 6 months’ expenses and Increasing retirement contributions  Depending on your choice of goal, you can accomplish multiple over the years. You can, and likely will, …

Financial Security Step 10: Choose Your Next Financial Goal Read More »

Financial Security Step 9: increase retirement contributions - Balanced FI

Financial Security Step 9: Increase Retirement Contributions

Listen to the podcast episode Early, monthly retirement contributions are the single most important part of your long-term savings plan as you prepare for life after work.  Waaaaay back in FSS Step 2b, you started saving for retirement. When you are saving a mini emergency fund or have debt (other than a mortgage), retirement contributions …

Financial Security Step 9: Increase Retirement Contributions Read More »

Financial Security Step 4 - Calculate your Net Worth - Balanced FI

Financial Security Step 4: Calculate your Net Worth

Calculate your net worth to track your financial progress. Net worth goes up as assets increase and debts decrease. Listen to the podcast episode: Calculate your net worth to measure your progress toward financial security. Over time, you want your net worth to increase. Once it hits $1 million, you’re officially a millionaire, even if …

Financial Security Step 4: Calculate your Net Worth Read More »

Financial Security Step 3: Save for Recurring Expenses - Balanced FI

Financial Security Step 3: Save for Recurring Expenses

Save for recurring expenses to ease the stress of timing bill payments and paydays. Paying some bills annually can also save money on fees. Listen to the podcast episode: If you’re new to the Financial Security Steps, start here: Welcome! Once you have tracked your expenses for the last 3 months, saved your mini emergency …

Financial Security Step 3: Save for Recurring Expenses Read More »

Scroll to Top