How to Create your Own Luck of the Irish

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Posted on March 4th, 2015 in Community, Compound Interest, Financial Management, General, Savings by SSBblogger |

Ask yourself this question: is the glass half full or half empty? You can create your own Luck of the Irish this St. Patrick’s Day depending on your outlook on life. St. Patrick’s Day is typically for celebrating the Irish heritage and wearing all sorts of green things.

Lush green four leaf clover on a white background

Security State Bank wants to put a twist on St. Patrick’s Day this year by bringing you tips on how to create your own luck of the Irish. When it comes to the topic of money and savings, it takes more than luck to have a successful financial future. You can make your own luck when it comes to finances and we will show you how.

How to create your own luck of the Irish:

  • Boost your retirement savings. The more money you add to a retirement account, the sooner you are able to retire. Now that is luck! Imagine if you are able to retire two years sooner by contributing a couple thousand dollars more each year. Not only is it smart to always build your retirement savings, there are tax advantages to doing so.
  • Stick to a budget. There are many benefits to a budget that can make you feel lucky. Set a goal and a reason why you are going to have a budget. At the end of a certain time period, you will have saved enough money to go do something you’ve always dreamed of. Take the family on vacation, make a down payment on a house, or upgrade your car.
  • Regularly contribute to a savings account. It’s hard to say when your family may need to fall back onto a savings account. Don’t get caught without a substantial savings account when an emergency comes around. When you regularly add to a savings account, you will feel lucky to have the money if you lose your job or need it in case of an emergency.

Security State Bank hopes the luck of the Irish is with you this St. Patrick’s Day and every day. Contact us today if you are ready to be smart with your money and build your savings or retirement fund.

 

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