We know that those who plan for the future and the unexpected are four times more likely to be financially healthy than those who don’t. We want you to know that we’re here to help you make the plan you need to relieve stress and increase your financial slack.
Planning is an important factor in your financial health. The more we can make thoughtful decisions about current and future spending, the better our chances are at reaching our financial goals, no matter what they are. Through planning and small behavioral changes we are able to create savings habits that increase financial slack and decrease financial stress. There are two things that we should focus on when thinking about planning – planning ahead and insurance.
Planning for the future is important for reducing your financial stress and plays a key role in helping you build and maintain financial slack. To get started, ask yourself:
- What expenses do I have coming up?
- What does my family need this year?
- What else should I be prepared for?
We’re here for you with resources to support you while you plan.
Financial Health Tools
Article: Creating a Spending PlanLearn some extra tips on how to create a spending plan
Knowledge and skills you can use to help you create and maintain financial slack
Insurance can play an important role in an emergency. Having enough insurance will reduce your financial stress and allow you to maintain financial slack in unexpected situations. To get started, ask yourself:
- What types of insurance do I have?
- What types of insurance do I need?
- Can I get a better rate on any of my plans?
Does my employer offer options such as life insurance, long-term disability or death and dismemberment?
We’re here for you with resources to support you while you evaluate your insurance needs.
Additional ResourcesKnowledge and skills you can use to help you create and maintain financial slack
Planning isn’t the only thing to consider when thinking about your financial slack. Explore more in the areas of save, spend and borrow below.
*Non-deposit Investment products and services offered through CUSO Financial Services, L.P. (Member FINRA/SIPC)
Ready to start planning for the future?
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