All the fun in the sun that comes with hot summer days and long summer nights can leave Americans with big bills once back-to-school season rolls around. In fact, a study found the average person spends an extra $515 during each month in the summer. Financial professional Sean Clark talked with FOX 43 about 4 steps to get your finances back in order before the holidays arrive.
1. Get Organized
Click here for a debt worksheet
2. Build Momentum
3. Get a Lower Rate
4. Look to the Future
It may be hard to think about mistletoe and garland while it’s hot and sunny, but summer really is the time to start planning for the holidays. Financial professional Sean Clark talked with FOX 43 about ways to start planning for Christmas in August:
Build a Budget Click here for a holiday budget worksheet
Find the Funds
Track your Totals
As the temperature goes up in the summer, personal spending follows closely behind. Financial professional Sean Clark joined FOX 43 and talked about the ways to cool off your spending so your budget doesn’t overheat this summer.
For the vacation spending calculator, click here.
Here are 4 ways to save:
- Pack Your Meals
- Shop with a List
- Cut Down the A/C Bill
- Choose a Vacation Wisely
Americans are underprepared and over confident when it comes to their money. More than half of workers say they’re “somewhat” or “very” confident they’ll have enough money to retire, but one-third say they actually have less than $1,000 in retirement savings.
Financial professional Sean Clark talked with WPMT FOX 43 about 5 steps to take today to prepare for retirement.
1. Put it on Paper
Start by clicking here for a retirement calculator.
2. Cut Back
3. Use Free Money
4. Eliminate Debt
5. Plan for Longer