Is it really that bad? Yeah, but....

WOW! What a mess our economy is in! Everyday more bad news just keeps coming. Sounds pretty gloomy, but guess what, we did not get there overnight and it will not be fixed overnight either. We all need to sit down and re-evaluate our finances. No matter how much you earn or spend, there is always a want for more, right?
Here’s the best way to start; review your Budget (if you don’t have one, make one right now!). Are you staying in your Budget or are you over (most will be over, it’s human nature)? What can you trim or get rid of? Do you have enough in your Emergency Savings for 6 months of expenses? If not, make sure to get it there to stabilize your safety net.
Are you losing money on Investments? If so, can you move them into other more secure venues until the Market turns positive? Call your Financial Planner to do a Financial Fitness Check-up, also please call your Insurance Agent to make sure you have proper types and amounts of Coverage’s that are needed for emergencies. Put what you are cutting away in Savings. It’s o.k. to go out and have fun, go out for a nice dinner, movie or ball game, but remember to have your fixed expenses paid first.
Financial and Housing Markets will turn around and go up! Gas and food prices will go down and we are working at fixing global warming too!
If you or someone you know has a high interest or ARM Mortgage Loan, please give me a call. Refinancing may be a great way to lower costs and consolidate debt (which saves you more money!). Please feel free to call me direct at 763-557-5608 or stop in to see me at the Bremer Bank-Plymouth, MN Branch.
Referrals to family, friends, neighbors and business associates are always appreciated and welcome!
Enjoy the cool. crisp fall weather!
Regards,
Steven