Page 4 - Janaury 2018

Financial Health

for Healthcare Professionals

Five Tips for Your Better Financial Future

BY COASTAL WEALTH Start by developing your family’s mis- free up more dollars than you might When it comes to Tips 1 through 4,
sion statement. This is easier than it imagine, and play a significant role in you may feel you need some assistance.
If you are like many Americans, the sounds: Simply write out what is impor- helping you fund your family’s long-term Whether you need help in just one area
current economic environment contin- tant to you as a group. Be sure to include financial goals. or all four, start looking at your future
ues to make it difficult for your family to what your long- and short-term goals Tip #3: Become a dedicated saver. through a new lens – one that has your
make ends meet. Many of us have read- are, and what you are willing to give up If you are like many families, trying to family’s financial goals in focus, with a
justed our spending habits to such an in order to make these goals a reality. juggle financial priorities can make sav- plan to help you get there. Contact a
extent that there is now a new normal. Don’t forget that along the way, you may ing extremely difficult. financial professional to discuss ways
For example, we may no longer shop as still want to decide what little luxuries Successful savers use the concept of they can help you put these tips into
much as or where we used to; we may your entire family can enjoy (like a get- paying themselves first whenever they action—and your financial dreams on
settle for a staycation, rather than a true away) that you want to keep in your receive a paycheck. Over time, adopting track.
getaway; and items that were previously budget – since these can help you feel that one smart move can help you reach Taking the right steps today can help
considered to be necessities have been less deprived and even save you money your financial goal of saving for a car, a to ensure a better financial future for
relegated to the “can’t afford” or “not (by keeping you from going out to first- vacation, or whatever is a priority for both you and your loved ones.
needed” category. run movies, for example). your family. To help make it easier, check
Unfortunately, many economic ana- Tip #2: Cut back, even if it hurts (a with your employer to see if you can Insurance products issued by
lysts feel that these shifting attitudes are little). have part of your pay automatically Massachusetts Mutual Life Insurance
Company (MassMutual) (Springfield, MA
here to stay. Figuring out what is most important to deposited into one or more savings 01111) and its subsidiaries, C.M. Life
Tips to help improve your economic your family from a financial perspective accounts. It can make saving automat- Insurance Co. and MML Bay State Life
future is a smart move –and a good decision for ic—and nearly painless. Insurance Co. (Enfield, CT 06082).C.M. Life
Here are some tips to help you take your long-term financial security. Tip #4: Run your numbers. Insurance Co. and MML Bay State Life
stock of your overall economic picture, Making even small sacrifices in your Do you know if you are on track with Insurance Co., are non-admitted in New
York.
with actionable steps designed to help spending can help you meet your goals. your current disability coverage, life
improve your long-term financial securi- Look carefully at how you and your fam- insurance, and retirement savings Provided by Coastal Wealth, a amember of the
ty. ily members spend your money so you plan(s)? In other words, will these MassMutual Financial Group, courtesy of
Tip #1: Determine what is really can identify where you can make small important items provide you and your Massachusetts Mutual Life Insurance Company
important. changes to cut back on non-essential family with the amount of financial pro- (MassMutual).
© 2017 Massachusetts Mutual Life Insurance
Take stock of what is really important expenditures. And don’t overlook the tection you’ll need – when needed? Don’t Company, Springfield, MA 01111-0001
to you and your family - is the newest bigger-ticket items you pay for every wait until it’s too late. Take the time now FY1105 CRN201904-210555
electronic game system or cell phone month, such as your cable TV/Internet to assess their adequacy and make the
more important than creating a secure subscriptions and car insurance. Making appropriate adjustments.
financial future? minor adjustments to these items can Tip #5: Get the help you need.

FIU’s online master’s program shows

students how to:

Develop people skills

Wa
W ays to 1 Learn to lead across the organization.

L ead in 2 Be innovative

Health Seek solutions that you can build on.

Services 3 Invest in yourself

Leaders are not born, they are made.

Make the commitment today
Mak
Mak e the commitment todayy...y.y. y..
e the commitment today..y
Make the commitment todayke
Learn more at mhsa.fiu.edu. Contact us at (305) 348-3125. A Avvailable fully online and hybrid.

4 January 2018 southfloridahospitalnews.com South Florida Hospital News