Washington Trust Bank’s Post

Building a solid financial foundation includes having a positive net worth and positive cash flow. Even small steps toward improved money management can help you work towards a positive outcome. Here are three ways you can begin constructing a strong financial foundation: 1) Create and stick to a monthly spending plan 2) Have an emergency savings account 3) Pay off high interest credit card debt To learn more, here is an in-depth look on how you can create a lasting basis for your financial future. https://lnkd.in/dUHEiRpY

Are you aware of your credit score today? Understanding your credit status is essential for making informed financial decisions. At Fix My 3 Scores, we specialize in helping individuals improve their credit. Share your thoughts or questions in the comments below!

In honor of National Financial Awareness Month, we wanted to share some money-smart quick tips: 1. Conduct a financial audit: Dedicate time to review your income, expenses, and liabilities. A clear understanding of your financial position is fundamental to achieving monetary success. 2. Implement automated savings: Establish recurring transfers to your savings account aligned with your pay schedule. Consistent contributions, even modest ones, can accumulate significantly over time. 3. Diversify your investment portfolio: Consider a mix of assets to balance risk and potential returns. This approach can help protect your wealth against market fluctuations.

In honor of National Financial Awareness Month, we wanted to share some money-smart quick tips: 1. Conduct a financial audit: Dedicate time to review your income, expenses, and liabilities. A clear understanding of your financial position is fundamental to achieving monetary success. 2. Implement automated savings: Establish recurring transfers to your savings account aligned with your pay schedule. Consistent contributions, even modest ones, can accumulate significantly over time. 3. Diversify your investment portfolio: Consider a mix of assets to balance risk and potential returns. This approach can help protect your wealth against market fluctuations.

📈Elevate your credit game with these impactful tips that will give your credit a boost to pave the way to your financial goals. 💰It’s our commitment to help get you closer to where you need to be. Drop a comment or DM the word “ CREDIT” to learn more.

Allow us to introduce you to the Savings Rate:  Saving Rate is a vital financial metric that measures the amount of money you save each month as a percentage of your total or gross income.  Understanding and leveraging your savings rate can be the key to achieving long-term financial security, building wealth, and ultimately gaining the independence to live life on your terms. 🌟  Join us as we dive into the importance of this essential financial tool and uncover how it can shape your financial future!    Take Advantage of Our FREE Financial Health Assessments and uncover strategies to elevate your financial scores. Start building a secure financial future! 👉boundlessplan.com #financialsuccess #moneymanagement #financialgoals #financialfreedom #growthmindset #abundance #financialplanning #achievesuccess #moneymindset #financialjourney #financialeducation #financialguidance #boundlessplan #finance 

Financial control is crucial for various reasons. It empowers individuals to avoid debt, build savings, and make informed financial decisions. By exercising control over spending and investing wisely, one can achieve long-term financial goals, reduce stress, and create a foundation for financial well-being.

Securing Tomorrow: The 30% Rule in Personal Finance In the realm of personal finance, the 30% rule stands as a beacon of financial wisdom. Popularized by many financial advisors, this rule advocates allocating 30% of your income towards savings. Discover how embracing the 30% rule can lay the foundation for financial security and set you on the path to achieving long-term goals. Read more about the power of intentional savings and how it can shape a brighter financial future. While Dave Ramsey has a different philosophy(50/30/20) I love how he says: "Today live like no one else, so tomorrow you can LIVE like no one else!"

Discover how to develop a savings plan and secure a financial future. Author Justin Stivers has all the details, read by clicking the link below. via TheStreet https://ow.ly/57C850SRfep #FinancialPlanning #SavingsPlan #PersonalFinance

Why is Personal Finance Dependent Upon Your Behavior? Personal finance is a vital aspect of our lives that encompasses the management of our financial resources, including income, expenses, savings, investments, and debt. While many factors influence our financial well-being, one crucial element that often goes unnoticed is our behavior. How we think, act, and make decisions regarding money plays a significant role in determining our financial success or failure. In this blog post, we will explore the reasons why personal finance is heavily dependent upon our behavior and discuss the impact of our choices on long-term financial stability. Read all here: https://lnkd.in/d2HhZEvj