18 Financial Resources To Help With Your Rural Money Matters
Financial Resource Guide To Help You Build A Financial Foundation!
Here are the most critical financial resources that most people overlook when they are working to build a financial foundation.
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It’s easy to miss critical information when you’re attempting to:
- Build equity in your home
- Save for your children’s futures
- Pay medical bills
- Start a business
- Invest in property
- The list goes on.
I really think that you will benefit from this list of 18 financial resources to build a financial foundation.
Rural Money Financial Resources
Build A Financial Foundation
“Financial security won’t happen by accident, and it won’t happen overnight.”
“There are some simple steps you can take right now to firm up your financial resources and increase your peace of mind.”
“Before setting any money-related resolutions this year, take this quiz to learn how to separate the facts from the myths.”
“It’s best to get started – as soon as possible – on good financial habits.”
“By taking steps to start an emergency fund you’re giving yourself the security of knowing you can cover unexpected expenses should the need arise.”
“This checklist will help you make the most of the time you have to save for college expenses.”
Pay Off Debt
“If you want to build up a cushion in your bank account — but you’ve also got debt — here’s how to decide which to tackle first.”
“Your ideal savings rate depends on your specific, long-term reasons for saving.”
“A backend debt ratio greater than or equal to 40% is generally viewed as an indicator you are a high risk borrower.”
Buy Or Remodel A Home
“Calculate the maximum home price you can afford.”
“Having a basic understanding of important real estate concepts before you start the homebuying process will give you peace of mind now and could save you a fortune in the future.”
“Top to-dos to track before, during, and after you buy your new home.”
“From the first steps of determining your budget and securing your loan to then finding a home, you can proceed with confidence when you know what to expect.”
“Start by making a list of upgrades you’d be willing to pay for, either in your current home or a new one…”
“A home renovation project can increase the value of your home, but it can quickly spiral out-of-control if you’re not careful.”
“For people interested in hiring a contractor, different types of contractors, due diligence, and how to be prepared in general.”
Start Or Expand A Business
“A budget will help you match these early expenditures with subsequent receipts so you know what to expect, especially with regard to cash availability, and thus you will know where any cash shortages need to be addressed.”
“Real people, real businesses and real ideas to help you cut costs, lower your overhead, and still reach your target market and build your business.”
“Necessary growth for businesses can range from adding on more staff to the payroll or buying a new piece of equipment to make their production process go faster.”
Special thanks to Jim McKinley content contributor @ MoneyWithJim.org
As a retired banker, I know there are few feelings more rewarding than helping those make the most of their hard-earned money. Still, it’s not always simple. It’s that sense of accomplishment that inspired me to start Money With Jim. I may be retired, but that hasn’t stopped me from wanting to make dreams come true!
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