The 3 levels of saving, how to start Investing, & creating an optimal spending plan

Building a strong financial foundation isn’t just about earning; it’s about protecting what you’ve built and spending wisely. In this episode, we break down essential money moves you should prioritize when creating a financial plan. From determining how much you need to cover monthly expenses to understanding the three levels of savings strategy for emergencies and future goals, we guide you step by step. Plus, learn about the importance of investing to keep up with inflation and reviewing your insurance coverage to protect what you've worked so hard to build. Get actionable tips to balance spending, saving, debt repayment, and investing, so you can live the life you desire today while planning for tomorrow. 

[00:02:05] Home Office Makeover and Amazon Shopping Habits
[00:11:19] Understanding Money Activities: Building a Financial Plan
[00:21:17] Saving Strategies and Understanding the Reasons Behind Saving Money
[00:33:41] Understanding Contribution Limits and Retirement Planning
[00:38:22] The Importance of Knowing Your Investment Details
[00:40:40] The Role of Financial Advisors and Backdoor Roth IRA
[00:47:37] Spending Money Wisely and Protecting Yourself with Insurance
[00:56:03] Lisha Upgrades her Kitchen Supplies, while Brittne Plans for kids’ Summer Camps

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🎉This episode is sponsored by  PKA Insurance Group, Inc. - Helping you find the best value with personalized insurance solutions. Reach out to PKA Insurance Group to discuss your disability or life insurance needs by calling +1 800-258-1018 or emailing [email protected].

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