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Here are common financial planning strategiesand how your bank can help secure your financial future.
Without a clear understanding of where your money is going, it can be challenging to make financial decisions.
Basic financial planningstarts with cash flow.
Emergency Fund
Life is unpredictable.
Unexpected financial emergencies can arise at any time when you least expect them.
Without one, you may end up resorting to high-interest credit cards or tapping into your investments.
Banks offer several tools to help you build an emergency fund.
This allows them to do what they were intended to do.
There are also other options for long-term savings that earn you a little bit more interest relatively safely.
Investment Planning
Inflation is eating away at the purchasing power of many people.
Thats why saving money doesnt cut it anymore.
Banks provide different ways to invest money based on your goals.
Some banks have robo-advisors to help you build an investment portfolio that aligns with your goals.
Credit cards are an absolute must for anyone looking to maximize their potential earnings, Barcelo added.
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