Life Stewardship Columns
One reason why a family budget is important is that it can alert us to potential problems.
Creating a budget, tracking what we spend and save, and modifying lifestyles to accommodate cash flow can provide financial rewards and peace of mind.
Most financial advisors say we can reasonably safely withdraw about 4% of our retirement savings each year.
The practice of stating who would receive our personal assets after death goes back to biblical times, and so do contested wills.
Money is not evil... but we can take steps to maintain balance regarding finances in our lives.
Before we can plan a post-retirement budget, we need to estimate future expenses.
Studies show that assisting others, either financially or physically, can actually boost our physical and mental health.
Eliminating purchases of things we want but don’t need frees up money to put debt to rest.
If we manage to set aside just a few dollars regularly, it will add up over time.