Practically everyone has a financial goal in mind, whether it’s freeing themselves from debt, saving for their child’s higher education, saving for a down payment on a house, planning for their retirement, buying a new vehicle, creating a fund for a rainy day, traveling the world, or all of the above.
Some may feel that they have to set a large amount of money aside and/or set up a certain time-frame in order to obtain their financial goal(s), thus often falling short since this usually causes other financial fiascoes in our lives. The best and most surefire way to avoid these types of financial situations is taking it smart, such as creating a budget plan, tracking expenses, or talking to a financial adviser. These kinds of steps, albeit rather small, can lead to significant changes and a better, brighter financial future!
Esteemed companies like Massachusetts Mutual has been securing a financial future for people since 1851. Since April is Financial Literacy Month, MassMutual wants to increase your knowledge with finances with the tools, videos, articles, and calculators that are listed on their new website.
6 Small Changes That Can Make a Significant Difference
⦾ One of the first small steps is identifying your financial goals, as you can’t achieve your goals if you don’t have an understanding of what your goals are.
⦾ If you’re caught in a whirlwind of the hustle and bustle of life, finances may be the last thing that crosses your mind. To obtain or even surpass your financial goal(s), getting organized is key. You can get organized with your finances by creating a budget plan and tracking your daily expenses, which you can easily do with a budget tracker.
⦾ Using tools like the College Savings Calculator and Retirement Planning Calculator can help you project your saving needs.
⦾ Determine your most valuable asset, whether it is your home, business, or your ability to work. Take your income into consideration and it affects your overall well-being and financial future.
⦾ My mother taught me the value of a dollar when I was a child. That is why I firmly believe that it is never too early to educate your children on the value of a dollar, as it can help learn how to budget and avoid financial pitfalls. Understanding the importance of the value of a dollar can help you save hundreds, or even thousands of dollars in the long run! For example, it’s not that a universal secret that I have a love for traveling. One of my favorite ways of stretching out my money for my passion is taking “advantage” of hotel rewards programs.
⦾ It always helps to have a lending ear when it comes to our finances, even more importantly, if that lending ear is knowledgeable about finances. That lending ear can be a parent, sibling, friend, neighbor, or even a financial professional. There are several different types of financial professionals. You can connect with one within your vicinity via MassMutual.
My boys totally have no idea what the value of a dollar is. It is definitely something I need to work on with them.
For years I taught a Personal Finance class to high school kids. I was amazed at their lack of knowledge when it came to financial matters.
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You’ve got to have your ducks in a row when it comes to finances. It’s the only way you can keep your finances in order and running smoothly.
Stacie @ Divine Lifestyle recently posted..Connect Generations with HomeTeam from Panasonic @PanasonicElec
You definitely have to keep your finances straight. So important for the future. Especially when you have kids.
Thank you for preaching that kids need to be taught the value of a dollar from an early age! Too many parents just act like money grows on trees when it comes to their kids, teaching them no responsibility.
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It takes some time to learn finances. I still get confused sometimes but I agree that it is super important for kids to value what they have
hehehe I was so bad about finances when I was younger! All I worried about was buying shiny things lol… I’m so much better these days when it comes to money 🙂
I’ve started teaching my kids about money. They have no idea, and I didn’t as a kid either. So important to teach when younger I believe!
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So important to teach them young. We did and both mine know as adults now how to manage their money – even better than we do! I agree totally with this post on how vital it is to get that message out there when they are old enough to start to understand!
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My kids are learning the value of a dollar because they are having to work harder to earn them. I think you’re doing the right thing encouraging others to get on board with teaching their kids early on how to use and spend their money. I love that picture by the way.
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My grandma did a good job teaching me. I have always worked on it with my kids because I know how important it is for them to develop good habits with their finances.
It is vital that p\arents teach their children the importance of money. We do the same to o]ur children.
Chubskulit Rose recently posted..The 7th Annual Festival of Nation in Weirton
I definitely need to plan better for my kids education. We just started now and my daughter is in 5th grade.
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This post is such a wakeup call for me! I spend way too much and my husband is the one who is thrifty. I need to learn to save more, especially since we will have 2 kids soon.
Shaney Vijendranath recently posted..LINDOR Mother’s Day ‘Me-Time Moment’ Competition
I try very hard to keep a tight lid on our expenses so we don’t worry month to month. The flip side to that though is I am strong believer in “you can’t take it with you” mentality and to enjoy it while ya got it, with people ya wanna enjoy it with : )
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Both the hubs and I have financial goals in mind. And we’re definitely working on it by saving as much as we could.
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I agree with you a hundred percent! I think so many kids don’t have a clue about the value of a dollar.This is something I am currently working on with my oldest. He was always wanting stuff but never realized how hard it’s to get the stuff.
We have definitely started teaching our kiddos early. Sometimes they still don’t understand but hopefully they will soon.
It is so important to understand your finances. I am very lucky to have a Accountant for a brother in law.
I commend institutions that help consumers understand how personal finances planning benefits us. I appreciate your post, particularly understanding how MassMutual helps me understand the retirement and college planning process. Thank you because the information you shared really benefited me!
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I need to get my act financially together! Thanks for the tips. I need to learn more about this company.
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This is actually my weakness, I am still learning on saving financially for my kids. I think all parents should know this. Thank you for sharing
Manu Kalia recently posted..Shoulder Hand Behind Back Mobility
I have been trying to teach my kids how to save money and to understand how much it is worth. It is a hard concept to teach
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