Paying Yourself First

The average American is approximately $10,000 dollars in debt, and 70% of us live paycheck to paycheck.  We get raises and promotions at work and do we save those extra funds?  No, we simply increase our spending habits and continue to live beyond our means.  So how do we break this cycle and begin the road to financial security?  The answer is PAYING YOURSELF FIRST. 
 
The key to paying yourself first is having a percentage of your income automatically deducted from your pay before your direct deposit hits or you receive your paycheck.  You will adjust to the change in a short time with the idea being as your income increases, you maintain similar spending habits in order to increase your savings rate. This is absolutely crucial in securing a comfortable retirement.
 
Also, you can avoid the government getting to your paycheck first and take advantage of tax deferral with retirement accounts.  We can assist you with all of your retirement savings needs, and can set up automatic payments into your accounts in order to pay yourself first. 
 
Please contact our office for further information at 864-331-4400 or email investments@J-freeman.com