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It’s easy to get caught up in the hustle and bustle of life.  We have every intention to focus on our finances, but then work, family and life happens.  As you become more established in your career or business, you should realize the foundation for your financial life. 

Here are three financial steps that you cannot ignore.  Often, these simple steps are overlooked for too long.  Don’t make that mistake!

Build Your Cash Cushion.  Everyone should have a little bit of savings for a rainy day.  You never know what life can throw your way.  A cash cushion can help with the unpredicted emergencies.  If you lose your job and it takes a month or two to find a new one, then with a cash cushion you will still be able to provide for your family.

Protect Yourself.  There are many ways you can protect from life’s unpredictable ways.  Insurance is usually something we are not crazy about paying for, but it’s the glue that can hold us together during unexpected events.  Make sure you review your insurance needs on a regular basis to identify any gaps or confirm that you’re on the right track.  Here’s some common types to review:

• Life insurance
• Disability insurance
• Health insurance
• Auto insurance
• Home/Renters insurance
• Long-term care insurance
• Umbrella insurance
• Business insurance

Understand Your Tax Strategies.  Hiring a tax professional is an important step in your tax story.  No one enjoys paying taxes, but it has to be done.  Make sure you understand your current tax situation and have someone on your team who’s willing to help you better your tax strategies.  

If you need help, give us a call at 686-3053.