April is Financial Literacy Month — a nationally recognized movement to promote and support financial understanding so that individuals make better decisions when it comes to their money.
According to Texas Financial Advisory, many Americans lack the knowledge needed to manage their finances and plan for the future. Financial success is typically the outcome of a journey that starts with education.
But, starting a financial journey can be a struggle.
To help kick start your financial journey, Yvette Barrera, vice president of Texas Financial Advisory, suggests clearly defining your financial goals.
If you don’t know what goals you want to set, don’t worry.
Barrera said talking with a professional can help you establish financial goals that address your current needs while also preparing for your future. If you haven’t already taken some time to clearly define your financial goals, don’t put it off any longer. Well-defined goals are imperative for creating an effective financial strategy.
Another reason people may not be ready to begin a financial journey is that their finances are not where they like them to be.
Barrera said now is the best time to start slowly picking up the pieces and learning how to rebuild your finances with confidence. Small changes in your day-to-day spending habits can make a difference in your overall financial picture.
You don’t have to be a certain age to start your financial journey. It’s never too early to start saving. In fact, the earlier you start, the better your result.
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Investment advisory services offered through Queen B Advisors, LLC, a Registered Investment Advisor, which does business as (d/b/a) Texas Financial Advisory. Insurance products, tax preparation services, and estate planning services are offered through Texas Insurance Advisory, Texas Tax Advisory, and Texas Estate Advisory, respectively, all of which also do business as Texas Financial Advisory. Insurance products, tax preparation, and estate planning are offered separate from investment advisory services. Neither Queen B Advisors nor Texas Financial Advisory offer tax or legal advice. Please consult the appropriate professional regarding your individual circumstances.