Loving and Strong

  Right now, your relationship with money is in a great place. You’re confident in your financial decisions and working towards long-term goals like saving for a new home or investing in your children’s future. This page will provide strategies to maintain this strong relationship and keep moving forward. 

• Budgeting:   You have a detailed multi-month budget that includes savings goals, investments, and irregular expenses. 
• Saving:   You have a fully funded emergency fund that covers at least 6 months of expenses. 
• Debt:   You are near debt-free, with a clear plan for paying off any remaining debts. 
• Credit:   You maintain an excellent credit score and understand how to leverage good credit. 
•  Investing: You actively manage and diversify your investments, understanding your risk tolerance and investment objectives. 

Budgeting:   Keep refining your budget to ensure it aligns with your financial goals. 

• Task:   Regularly update and refine your budget, making adjustments as necessary to stay on track. 

Saving:   Continue building your savings for future needs and unexpected expenses. 

• Task:   Periodically review your savings goals and adjust contributions to ensure they meet your family’s needs. 

Debt:   Maintain your debt-free status by avoiding unnecessary new debts.  

• Task:   Monitor your spending and ensure you’re not taking on any new, unnecessary debt. 

Credit:   Continue to monitor and maintain your excellent credit score. 

• Task:  Regularly check your credit report for accuracy and make any necessary corrections.

Investing:   Expand and diversify your investment portfolio. 

• Task:   Review your investments regularly and adjust them to match your risk tolerance and financial goals.  

College Fund: Ensure your college savings meet or exceed your targeted goals.

• Task: Review and adjust your contributions to your children’s college savings accounts to ensure they stay on track. 

Retirement: Stay on track with your retirement savings goals.

• Task: Regularly review and adjust your retirement plan contributions to meet your long-term goals. 

Insurance: Review all insurance policies to ensure comprehensive coverage.

• Task: Conduct an annual review of your insurance policies and adjust coverage as needed to reflect your current situation.

Estate Planning: Ensure your estate plan is complete and up to date.

• Task: Regularly update your estate plan, including wills, trusts, and power of attorney documents.