Financial Foundations Episode 1 – Budgeting, Debt, and Savings

At Fike Advisors, our goal is to equip you with the tool to make your family’s dreams a reality. We truly believe that with the right tools you can begin taking steps toward making your dream a reality! One of those tools is a quality budget. After some research, though, we found some disturbing statistics: only 1 in 3 people have a budget for themselves or their family. This is when we began to ask ourselves, “Do our clients use a budget?” We realized a small minority of our clients actually use a budget to dictate where and when their money is spent. In fact, after talking to clients we heard statements like, “It seems like my money just disappears each month. Where does it go?” Without a budget, you may never know. This spurred us on to make a video all about budgeting, debt, and savings.

In our video, we cover as much about budgeting and cash flow as we could in 50 minutes. Our clients deserve answers to 5 commonly asked questions.

  1. If I want to begin budgeting, where do I start?
  2. What about irregular income? Can I still budget effectively?
  3. How do I stay disciplined?
  4. How much do I need to save?
  5. What’s the difference between good debt and bad debt?

These questions all get answered by Brad and Taylor in this video. We want you to have the tools to make your family’s dreams a reality! If you watch this video and have further questions or need help setting up a budget, please contact us and we can help you take your next step financially.