Personal Financial Planning In New Orleans

Many Americans are trying to fight through the quagmire of personal financial planning, stressed about the state of their empty savings accounts and soaring credit debt. One of the first steps in creating a financial plan is to set aside an emergency fund, even if it takes several months--or even years. Savings and money market accounts are safe places to invest, and deposits go to work earning a reasonable amount of interest.

While it is not always possible to anticipate personal financial emergencies like layoffs, medical crises, or vehicle breakdowns, it is wise to prepare in advance for life's unpredictable situations. People may rely on credit, be forced to take out personal loans or even lose their homes when there is no emergency funding available. "...It is advisable to save three to six months' worth of expenses, but many financial planners recommend shooting for $500 to $1,000 and building from there."

To become disciplined savers, it is recommended that people set up automatic monthly savings withdrawals from their personal bank accounts. The old pay yourself first adage almost always rings true, especially when establishing a new savings habit.

Personal Financial Planning and Insurance Products for New Orleans, LA Residents

FBT Investments, Inc., serving New Orleans, LA, provides investment management, retirement planning and insurance products for individuals and business owners. A subsidiary of First Trust Corporation, FBT also gives educational seminars to businesses and non-profit groups interested in developing an understanding of financial products and services. Call (504) 584-5888 to make an appointment with a qualified investment advisor.