The question of how much money it takes to be happy can seem completely subjective; it depends on the person, right? Generally speaking we can all agree that more money is better than less, but based on work by economists like Richard Easterlin at USC we all want about 20% more than what we have! Essentially all we need to be happy is to feel that our lifestyle and loved ones are financially secure.
That is great news for most of us because with a little help, financial security is an achievable goal. There is no great secret to putting together a secure nest egg, building savings, and planning for retirement, all you need to do is set financial goals and meet them. Easier said than done, right? Not anymore because a brand new financial guidance tool called HelloWallet specializes in helping you improve your finances.
A budget is the first step towards building savings and moving financial security. If you don’t work saving into your monthly budget then you probably won’t save much. If you have a retirement savings plan such as a 401(k) this is a great step towards long term security since automatic contributions are taken from your paycheck. If you don’t have one (even if you do) you should start with a rainy day fund and put some money aside, just in case. We’ll help you determine an amount that makes sense for you personally.
Doing your budget on paper is so 20th century, so try using an online financial guidance provider like HelloWallet to put together a comprehensive budget and savings plan. Using HelloWallet you can organize your finances from one place, and see your monthly spending in an easy to understand format.
HelloWallet securely and autoatically downloads your bank information, organizes your spending into categories and lets you see where you can save money. You can also input specific financial goals like future purchases or long term savings goals. Based on your goals and current finances HelloWallet recommends savings targets to achieve your goals.
HelloWallet saves you money by finding financial products that meet your needs from our proprietary database of over 50,000 bank products. Whatever your income, you can increase your network with HelloWallet’s expert financial guidance. Sign up today for a free trial of a financially secure future.