The uncertainty of the state of the world is causing dread and anxiety for many. Especially if you crave control over your life, remember that you can control the future by taking steps now to make better financial decisions. With that, here are three things you should pay attention to in order to gain back some sense of control.
- Have cash on hand – Financial advisors recommend having six months to a year’s worth of living expenses in cash. By cash, I don’t mean stuffing your mattress, just money that is readily available in a checking or savings account. This is just a rule of thumb, and can be different from person to person. For instance, if you’re close to retirement you may want to have more cash on hand than the six to twelve month recommendation. If you don’t have cash on hand, you can take action today to