When working toward establishing sound financial health, properly defining your “wants” versus your “needs” is important. These won’t always been identical for every person or family, so let’s investigate further into ways to identify “wants” versus “needs.”
Sometimes it takes some thought when we need to decide what is important in our lives – and in the lives of our loved ones. Are material possessions, expensive vacations and other luxuries as important as building a solid financial future?
Consider your recent purchases. What went through your mind before you spent that money? Was it, “How far am I from my credit limit on my cards?” or was it “Is this an item or service that I actually need?”
The decisions you make every day will have a direct, bottom line effect on whether or not your reach your financial goals. Limiting trips to exotic locales in favor of more close-to-home vacations (or saving up and paying with cash as a rare treat), forgoing expensive jewelry or gadgets – and investing those savings toward your retirement are choices you can make today to help you achieve your financial goals.
Start In Just 30 Minutes
One of the best things that you can do for yourself and your family is to establish a realistic game plan that you follow. Your Primerica representative can meet with you and, in just 30 minutes, help you start developing that strategy – one that you know you can follow.
Primerica teaches people how money works so they can make informed decisions about how to manage their finances. The basics of money are generally not taught in school. With your FNA, you’ll learn the steps you need to take to get on the road to the financial life you want and deserve.