South Burlington Financial Planner: A Guide To Strengthening Your Financial Position In 2010

Most people find personal-finance to be a boring and tedious subject to work with

. If you would like to decrease the amount of annoyance you receive from your personal financial activities, you should definitely read this guide to better understand how you can work with a South Burlington financial planner to straighten your finances for the 2010 year.

No matter who you are, the very first step you must perform in order to work with your finances in a proper manner is an assessment of the financial position you are currently working with. The only way you can make wise financial decisions is by understanding where you presently stand. You need to know how much debt you have, how much capital you have in your savings, as well as how much money you have available for investments too.

Many people believe that assessing their income is one of the most important aspects of personal-finance. Assessing your income is important, but you should keep in mind that the amount of money you spend on a monthly basis is just as important as your income activity. While you are assessing the amount of money you are spending, you should also perform an assessment of the amount of credit you are building up as well. Once you obtain this information, you will be in a very good position to make smart financial decisions in the future.

After you have an accurate picture of your current financial situation, it is likely that you will have a variety of ideas that you can implement to improve your financial status. You should keep in mind that saving is often one of the most important aspects of obtaining financial freedom. The best way to save money is by setting aside a specific amount of money each month for your savings account.

It is also a good idea, if you are currently dealing with outstanding debt, to establish a payment plan that you can follow to reduce the amount of debt you have outstanding. Once you greatly reduce the amount of debt you have outstanding, you can drastically decrease the amount of expenses you are facing from your outstanding debt.

Even though implementing these simple actions will place your personal finances in a very solid position for the 2010 year, you should definitely keep in mind that you can increase your financial stability even further by taking one simple step. The best action you can take at this point is the establishment of an investment portfolio. Once you have a considerable amount money saved, and you are no longer dealing with any debt, you should begin to contribute a fixed amount of money every single month to your investment portfolio. If you implement all of these tasks, and you follow the advice of your South Burlington financial planner, you will be able to greatly improve your financial situation this year.

by: Guy Lobdell

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