Budgets and Money

Planning for Safe Financial Waters

If you manage your spending, save what you can and protect your assets (and your family), you'll be setting yourself up for smooth financial sailing.

Living on Budget - How to Avoid a Financial Mayday!

10 Money Lessons from Dad

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Spend Wisely

If you want to spend wisely, the first step is understanding what you spend so you can create and live on a budget.. While it doesn't take long to create, creating a budget is the foundation for everything else you're going to need in order to reach your financial goals. Creating a budget also helps you determine ways to cut costs and save in areas like shelter, transportation and food. Whether that means clipping coupons at checkout or carpooling to work each day, there plenty of ways to trim your spending.

Save Proactively

Living within a budget doesn't mean a life without fun. In fact, you may be surprised how easy it is to trim your expenses with a little planning. The more you can get out of every dollar, the more money you will have to save for unexpected emergencies, a college education for your child, vacations and securing your financial future.

Protect Thoughtfully

While spending wisely and save proactively are both ways to avoid a financial mayday, protecting your family and its financial future is equally important. Consider your family's needs. If the unexpected happened, is your family protected? Everything from medical bills and funeral costs to mortgage payments and educational expenses can be a drain on all you've worked for. That's why we believe it's essential to have financial protection in place for your family.

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Even if you’re naturally financially savvy, living on a budget can help you get on the right path to securing your financial future. There are many things to take into account when you’re setting a budget, including retirement planning, maintaining an emergency fund, protected your family’s future with life insurance and more. This infographic includes tips to help you spend wisely, save proactively and protect thoughtfully.