WHERE'S YOUR MONEY GOING?

Most of us can answer the question, "How much do you bring home each month?' without much thought. But what about, "How much do you spend each month?" Probably, most of us answer, "All of it!" or "All of it and then some!" Even more importantly, how would you answer the question, "Where's your money going?" Until you know how you are spending your hard-earned dollars, how can you plan to reach your goals?

• Review spending habits and devise a system to assist you in managing your cash efficiently
• Eliminate unnecessary, high-interest debt
• Verify that you are getting the best interest rates on debt such as mortgages, car loans, and student loans
• Review your credit report and create a strategy to improve your credit score
• Determine how much you should have set aside in case of emergencies, create a strategy to accumulate those funds, and decide where the you should retain them
• Determine how much you need to save to reach your short-term and long-term goals