Building Blocks of Financial Planning: Saving and Budgets

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Financial planning has two fundamental building blocks involved with it. These are saving and budgets. If you aren't paying yourself first, how can you expect to construct a financial plan?

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Building Blocks of Financial Planning: Saving and Budgets

  1. 1. Mullooly Asset Management Podcast January 03, 2013Mullooly Asset Management January 2013
  2. 2. Basis for ALL Financial Planning SAVE MORE MONEY Mullooly Asset Management January 2013
  3. 3. Saving Money is Not EasySaving is unpopularSaving is counter-intuitiveSaving goes against modern US culture Mullooly Asset Management January 2013
  4. 4. Look at Saving Differently“Budget” is viewed by some, as bad“Paying yourself first” is a good thing Our attitude/behavior toward “saving” or “budgets” Mullooly Asset Management January 2013
  5. 5. Saving vs. Spending: BOTH Habits Scenario Mother: “We need money for food shopping.” Mother: “You need a budget.” Mullooly Asset Management January 2013
  6. 6. Why Should You Save?“We become slaves to debt.”George Oglethorpe: Georgia 1733-1752When you have money saved, you make different (better) decisions Mullooly Asset Management January 2013
  7. 7. None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any ofthe securities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy orsell any investment. Mullooly Asset Management January 2013
  8. 8. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013

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