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Early Simple Moves Pay Great Returns
Going back to the basics builds a strong financial foundation
When personal finances feel overwhelming, keep a grip on simplicity. People can take control of their financial future by getting back to the basics.
Key steps such as budgeting, saving and debt management serve as building blocks for a strong financial foundation and lasting stability.
Ren Makino, chief of staff at Next Gen Personal Finance, and money experts at consumer credit reporting company, Experian, discussed how getting back to basics forms solid ground for long-term success.
Key financial elements include budgeting, saving an emergency fund, managing debt and investing for the future. These factors help consumers maintain financial stability, handle unexpected expenses and grow their wealth over time.
Building Financial Resilience Helps Ease the Trauma and Pain
“A strong financial foundation starts with strong financial education,” Makino said. “Learning about budgeting, saving for an emergency fund, managing credit and investing for the future can empower everyone to live a healthy financial life. Financial literacy is key.”
