Thursday, 13 March 2014 14:59

Creating a Budget

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BANGOR - Tax season can be a great time to jump start a personal budget.

A recent national survey shows that more than half of Americans will use their returns to pay off debt. And once your head is above water, financial experts say putting a budget in place will set you up for future success, while accomplishing personal goals.

 

"So if you want a vacation, or you want a new car, or you want something fun, a budget helps you get there," says Marion Syverson, "and pay your bills."

Syverson says your budget should break down so that it looks something like this:

35% allotted for housing, 25% for life: which includes food, entertainment, and health care expenses. 15% for transportation, and 10% for savings.

 

Information provided by:

Marion Syverson, MBA

Norumbega Financial

(207)862-2952

 

Disclosure: "Only securities and advisory services offered through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor. Member
FINRA/SIPC. WSFG and Norumbega Financial are separate entities. They are independently owned and operated.Wall Street Financial Group, Inc. did not assist in the preparation of this material and while it is believed to be from a reliable source, it's accuracy and completeness are not guaranteed."

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