Saving for a Rainy Day (in May, June, December)

Were you already prepared for spring and summer?  Most people here in the Rockies were.  However last night everything froze and we woke up to snow.  How prepared are you for change? How prepared is your family and your business when the unexpected occurs?

When I was young I remember my Mom teaching me the importance of saving for a rainy day.  She will laughingly relate the story of when we took family road trips in the car.  She would give my sister and I a roll of nickels and every time we asked "Are we there yet?"  or "How much longer?" we would have to pay a nickel.  Without fail I always had most of my nickels at the end of the trip.  If only it was that easy today to keep our money.  Saving today is a strategy.

There are those that will tell you that putting a percent of your earned money in a savings account is a discipline that will pay off in time.  There was time in our economy when that might have made some sense, when markets were on a continual upswing however in the last 5 years most will tell you that putting in money in a savings account which pays a rate of return lower than the rate of inflation means you are actually going backwards with the value of your dollar.  Even if your funds are in an IRA savings account they are not safe from this phenomenon.

Investing is another way of saying saving.  When we use this term there are many more options available to us such as investing in real estate, businesses, stocks, bonds.  Each of these of course has its own list of pros and cons and requires some learning so you are able to make the best decision for you about how it will fit into your plan for building wealth.

So how are you saving for a rainy day?  For many there is so much more month at the end of their money that saving has become a concept that is far off in the "someday".  Having an expert provide a financial forecast for your business and family is the best way to prepare for the unexpected and secure your future. Take action now for a complimentary review and receive a free report with tips to help you grow your money.  To find a solution for the unexpected rainy day and for help to ensure a brighter future contact us right away.  Rainy days are an inevitable part of life; we can help you to be prepared for them.

In Abundance,

Sue
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