Use our FREE Monthly Budget App to Get your Finances in Order

If you want access to our FREE online budgeting app, simply email me at bill@retirestronger.net and we’ll get you set up.

                Click here if you’d like to watch an overview video of how the app works!

Let’s face it—doing a monthly financial budget can be a pain in the neck. It’s so much of a pain that most people don’t have one.

Who cares? Well, I think everyone should care.

Why should everyone have a monthly budget? Because a monthly budget can help people reach their financial goals much quicker than by not using one.

Budgets should be used to deal with two key issues:

1) Wasteful spending—without a budget it’s nearly impossible to determine and identify wasteful spending. People may think they spend X amount of money on Starbuck or other “want” items, but until you sit down and do a monthly budget, you really don’t know.

When you see in black and white how much you are spending on items you don’t really need and how that can affect your ability to save and your ultimate retirement nest egg, you may be sick to your stomach (which is good because then you can choose to adjust your spending habits.

2) Savings—a well-done budget will show you how much you can afford to save each month. As stated, this is vitally important when mapping out your retirement plan. It’s too obvious to say that the more you save and the earlier you save the easier it will be to reach your retirement goals.

With a monthly budget that is updated, you should be able to adjust your spending habits and start saving more for retirement.

Online Budget App

Our online budget app is super easy to use. But what’s really great about it is that you can log in online and update it at any time (meaning when you find 5 minutes here or there you can get online and build/update the budget).

First, you’ll have to build what you think is your monthly budget. This can be done by gathering your bills together and sitting at the computer for 20-30 minutes.  It’s much easier when you use a credit card because then you can just go over your credit card statement and input the data.

Second, after you create your first budget, you can then retrospectively update the numbers each month.  In other words, your first 12-month budget will be an educated guess going forward 11 months.  Each month you can take your actual expenses and update the numbers. Then after 12 months, you’ll have a truly accurate budget that reflects how you spend and save money.

Bill Kearney
Integrated Financial Concepts, LLC

132 Joe Knox Avenue, Ste 100F
Mooresville, NC 28117
(704) 464-2426
https://retirestronger.net

bill@retirestronger.net

Investment advisory services offered through Virtue Capital Management, LLC, which is independent from Integrated Financial Concepts, LLC. This newsletter is not to give investment advice. Before investing in any advisory product please carefully read any disclosure documents, including without limitation, the firm’s Form ADVs. For a complete description of investment risks, fees and services, review the Virtue Capital Management, LLC firm brochure (ADV Part 2A) which is available from your Investment Adviser Representative or by contacting Virtue Capital Management, LLC.

The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation or recommendation to sell or an offer to buy securities, investment products or investment advisory services. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit your financial status, risk and return profile or preferences. Investment recommendations may change, and readers are urged to check with their investment adviser before making any investment decisions. Estimates of future performance are based on assumptions that may not be realized. Past performance is not necessarily indicative of future returns or results. No representation is made as to the accuracy, completeness or timeliness of the information in this material since certain information herein is based on or derived from information provided by independent third-party sources. There is no duty to update this information.”  
 
The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, however, we make no representation as to its completeness or accuracy. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Content is provided for informational purposes only and is not a solicitation to buy or sell any products mentioned.
 
Fiduciary duty extends solely to investment advice and does not extend to other activities such as insurance product sales, including annuities, life insurance, and long-term care insurance or broker dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation. The investment adviser representative (“IAR”) is also a licensed insurance agent. In this capacity, the IAR may offer fixed life insurance products and receive normal and customary commissions. The client is under no obligation to purchase products through the IAR on a commissionable basis. In addition, the IAR may receive other compensation such as fixed or variable life trails. The potential for receipt of commissions and other compensation when the IAR acts as an insurance agent may give the IAR an incentive to recommend insurance products based on the compensation received.