Page 1 - Laird Financial Wellness
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ADVICE YOU CAN BANK ON
A GUIDE TO BETTER MONEY HEALTH AT ANY AGE
Americans Have Named Money as Their Top Source of Stress Every Year Since
2007. (1)
If you could focus on one thing which would improve your inancial Financial Planning
outlook, what would it be? The answers will differ for everyone, but some
experts suggest speciic priorities according to your current inancial By the Numbers
situation.
$47,689
Wipe Out Debt is the average (2)
millennial’s debt
Many people begin their careers upside down thanks to college loans and
starting out expenses like a new car. For example, 30% of millennials bring
in less than $25,000 per year, but most owe nearly twice that. Paying down Most 45-year olds
(2)
need to have more
debt not only positions you for better credit, it also eliminates the drain of than $150,000
interest payments on buying power. To get out of debt, you need to make a saved for
list of all debts you currently have and create a plan to pay these debts off. retirement (3,4)
Save 15% (or More) 6 months
salary
is the
When it comes to retirement savings, it is never too early to start saving. amount most
One rule of thumb suggests people should have an amount equal to people should
keep in reserve for
their salary saved by age 35, and 3 times the amount by age 45. Since emergencies
(3)
average Americans earn about $50,000 between the ages of 35 and 45,
(4)
their savings target by age 45 approaches $150,000. And this is just for 4% is a guideline
for how much of
retirement. your savings you can
spend each year of
retirement (5)
A GUIDE TO BETTER MONEY HEALTH AT ANY AGE
Americans Have Named Money as Their Top Source of Stress Every Year Since
2007. (1)
If you could focus on one thing which would improve your inancial Financial Planning
outlook, what would it be? The answers will differ for everyone, but some
experts suggest speciic priorities according to your current inancial By the Numbers
situation.
$47,689
Wipe Out Debt is the average (2)
millennial’s debt
Many people begin their careers upside down thanks to college loans and
starting out expenses like a new car. For example, 30% of millennials bring
in less than $25,000 per year, but most owe nearly twice that. Paying down Most 45-year olds
(2)
need to have more
debt not only positions you for better credit, it also eliminates the drain of than $150,000
interest payments on buying power. To get out of debt, you need to make a saved for
list of all debts you currently have and create a plan to pay these debts off. retirement (3,4)
Save 15% (or More) 6 months
salary
is the
When it comes to retirement savings, it is never too early to start saving. amount most
One rule of thumb suggests people should have an amount equal to people should
keep in reserve for
their salary saved by age 35, and 3 times the amount by age 45. Since emergencies
(3)
average Americans earn about $50,000 between the ages of 35 and 45,
(4)
their savings target by age 45 approaches $150,000. And this is just for 4% is a guideline
for how much of
retirement. your savings you can
spend each year of
retirement (5)
