Increasing Savings
March 06, 2016Planner: Erik via 1 on 1 Consultation
Problem: She wanted to know whether she should pay down her debt or increase her savings
Suggested Action Steps: I suggested she increase her emergency fund and then pay off her high interest debt. After that, she could contribute more to her 401(k) rather than pay down low interest debt
Results: These action steps resulted in her increasing her savings contributions and paying off high interest credit card debt
Testimonial: “The financial planner helped me change my perspective on my finances. It took me a few days to process everything that we had spoken about and I didn’t make any changes for the first few days. After speaking with my husband and weighing our options, we decided that what the financial planner had advised was really the best plan for us and the following week we started making changes. It helped knowing that if we had any questions I could schedule another session with the financial planner.” – 1 on 1 Consultation Attendee