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February Financial To-Do List

February Financial To-Do ListIf you want 2017 to be the year that you had envisioned in late 2016, you need to do some financial planning.

It is impossible to know the future. This goes double for the economy and our finances. Using historic events and past data, we can make predictions using probability to give us some hindsight on the possibility of one or many futures. But even the best economists from the most prestige universities differ wildly on what the future holds for the economy.

A financial plan can help keep you on your feet, should anything cause turbulence in the world economy. Here are a few tips on how you can create your February financial to-do list.

Save (More) for Retirement. 

  • If you have a 401(k): Increase your contribution amount by 1 percent, 5 percent or more–that is if you can.
  • If you DO NOT have a 401(k): Not everyone has a 401(k), though, and if you find yourself on this boat, you can save for retirement by creating a Roth IRA, which means you can contribute up to $5,500 f0r retirement.

Apps Can Help Your Finances.

Apps help us in every asset of life, including finances. There are many apps that can connect through your bank account, and automatically allocate funds to your savings account. If you are a forgetful person, find some highly-rated financial apps.

Create a Budget.

A budget helps to keep you from overspending. Set yourself up for success by creating a realistic budget that creates set amounts for savings, spending, utilities, loans, and everything else.

You never know what life has in store. Your finances are important and a life insurance policy can help protect your loved ones by giving them financial support after your passing. For all of your life insurance inquiries, contact Scautub Agency for all of your insurance needs. Our Scotia, New York team can help keep you – and your wallet – safe.

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