Having a budget or a financial plan - a road map to your spending, savings and retirement - also helps....
Nearly four of five Americans - or 79 percent - claim to have a financial plan, according to a recent survey by the Certified Financial Planner Board in Washington, D.C. But of those, nearly half - 46 percent - said their plan is only in their head, while 11 percent had scribbled down some notes or ideas.
"Most Americans have a do-it-yourself approach to financial planning," said Eleanor Blayney, consumer advocate for the Certified Financial Planner Board in Washington, D.C. Read more >
The Gilroy Dispatch
McClatchy News Service
July 26, 2011