Make September The Financial ‘Self-Care’ Month For You

Slowing down and taking time for yourself–and your finances–can be hard. This is especially true if you’re attempting to balance your job, life, and family.

But what’s the point of succeeding in every area of your life, only to risk losing it all with a causal money management system?

Is there a simple way to do financial self-care? You bet there is.

Let’s look at the 3 FMS rules, shall we?

1. Spend lesser than what you earn

  • Am I being wise about the way I spend my income?
  • Am I always counting down to pay day before I can eat out again?

2. Get adequate protection

  • Do I have sufficient death, disability, and critical illness coverage?
  • In the event of a major hospitalisation, are my bills covered?
  • When was the last time I spoke to a financial consultant about this?

3. Invest early and often

  • Am I planning for retirement or my kids’ education?
  • Do I allocate 15% of my income to invest?
  • Do I have a plan to get there?

In conclusion, money self-care is a form of self-care too. Like all other forms of self-care, it requires time and attention.

Once you’ve established good money habits, taking care of your finances will become simple. Almost like second nature.

Make September count by doing a financial “self-care”.

And no, I’m not going to wake you up when September ends. Let’s get to work, shall we?

– Ben


More disclaimers:

The information herein should not be used as the basis of any investment decision. This publication is not research material and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research. All views expressed and references to specific securities are included for illustrations only and does not necessarily represent the views of every function within AIA or Finance Made Simple. No representations or warranties are given as to the reliability, accuracy and completeness of the information. Opinions, projections, estimates and other information presented in this publication are solely those of AIA or Finance Made Simple as at the date of this publication and subject to change without notice. AIA or Finance Made Simple may have interests in the securities or instruments mentioned in this publication.

Past performance figures, and any economic and market trends or forecast, are not necessarily indicative of future performance of any strategy or portfolio. Investment is subject to investment risk, including the possible loss of the principal amount invested.

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