No matter what your stage of life, managing financial matters can be a daunting task, increasing stress and draining time and energy. But staying on top of your financials is critical to financial wellness and meeting short and long term goals. There is no such thing as set it and forget it! These three tips will start you on the right path and help you maintain order and control.

  1. Organize
    Keeping your financial house in order alleviates stress and leads to better financial decision-making. Budgets, emergency funds and savings goals are helpful ways to organize money. Systematic organization of important documents such as bank statements, investment reports, tax forms, estate plans and insurance information is also a critical step to better understanding your financial health. Also, it saves time (hunting through piles of bill and paper) and money (costly late fees or transaction errors) and keeps you focused on the long term. The Internet has enhanced these organizational capabilities -many documents are now delivered and stored online and there is a wide offering on online budgeting and planning tools available.
  2. Prioritize
    Once your financial responsibilities (savings and spending alike) are organized, you can now prioritize these obligations based upon your core values and ultimate goals and objectives. Retirement savings, charitable giving, everyday living expenses, lifestyle expenses, debt and taxes are present in everyone’s life and, at various stages, assume varying degrees of priority. Establishing the proper balance can make decision making easier and helps you stay focused on achieving your long-term goals.
  3. Delegate
    Investment professionals are a valuable resource to rely upon to help answer questions, establish goals, build financial plans, manage taxes and oversee cash flows. Spend your time following your passions instead of worrying about stock prices, asset allocation and investment returns. Choose a financial partner who will help you identify goals that properly align with your core values and establish a plan for funding those goals, and set up regular meetings to obtain updates and ask questions. The result will generate more successful outcomes and will bring you peace of mind knowing your future is secure.

If you would like information regarding specific budgeting tools, guidance in prioritizing your goals or in depth financial planning, please don’t hesitate to contact me at 859.422.0342 or via email Karen.kruzel@unifiedtrust.com.  I would be happy to help point you in the right direction.

About Karen Kruzel view all posts

Ms. Kruzel is a Fiduciary Investment Advisor at Unified Trust Company. She joined Unified Trust in 2012 and has more than 10 years of experience working with high-net-worth clients, as well as the emerging affluent. She is responsible for developing and implementing a high level ongoing service model for all existing client relationships, as well as identifying and cultivating and new relationships with clients, corporations and centers of influence.