Valley Breeze

The Valley Breeze & Observer 05-09-2019

The Valley Breeze Newspapers serving the Northern Rhode Island towns of Cumberland, Lincoln, Woonsocket, Smithfield, North Smithfield, Pawtucket, North Providence, Scituate, Foster, and Glocester

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Page 43 of 51

8 SENIOR LIVING GUIDE MAY 9-15, 2019 | THE VALLEY BREEZE SENIOR LIVING | FINANCES Make a difference to your financial security by creating a budget, tackling high-interest debt and planning important final documents. If you are overwhelmed or unclear how to create strate- gies that benefit your financial status, look for a qualified financial advisor. Make sure you feel comfortable with them and be honest you are about spending habits and your finances.. CREATE A BUDGET The biggest weapon to your fight for financial freedom and achieving goals is in a budget. It's important to create one that leaves you with extra funds to set aside in a savings account. However, you should make sure to leave room for entertainment, so you don't find yourself burning out and making impulse purchase. Analyze your budget period- ically and adjust. Keep receipts or a ledger to track your spend- ing habits. Using apps on a smart device can also give you an interesting view into where you can make improvements, if you keep accurate notes. HIGH INTEREST FIRST According to credit counselor Credit Guard of America, the average family in the U.S. is fac- ing more than $15,000 in credit card debt. When you create a budget, analyze credit card debt and plan to resolve those with the highest rates first. CLEAN UP DOCUMENTS Don't forget to clear clutter of expired documents that have accumulated. The Internal Revenue Service rec- ommends keeping copies of tax returns for at least seven years. When eliminating paperwork, it's imperative to shred it to keep your identity safe. You can either invest in a shredder or hire an expert to dispose of documents securely. © ADOBE STOCK Financial Spring Cleaning W hile cleaning up financially may not have been a part of your New Year's resolutions, take advantage of the second quarter to get things in order. Content Produced by Green Shoot Media. © 2019 Financial Spring Cleaning All-Inclusive Assisted Living: • Comfortable, Luxurious Community • Gourmet, Chef-Prepared Meals Daily • Maintenance & Housekeeping Services • Exciting Activities • 24/7 Care Services Expires 2/28/2021. 622 George Washington Highway Unit 70 • Lincoln, RI 333-1593 Family owned and operated Sun.-Thurs. 6 a.m.-Midnight Fri. & Sat. 6 a.m.-3 a.m. (Late Night) Valid at our Lincoln location only.

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