Financial Friday

This is easily applicable to financial decisions, as well as, any other decisions. While we may have our financial roadmap in place it is the little bumps in that road that sometimes take us down unknown roads. Being flexible is key to keeping on track on your financial path.

Example: You have been working to pay down debt and have been able to put your first $500.00 into your emergency fund. The washing machine goes out and a new one is now $750.00. This is one of those moments when some may throw up their hands in despair and give up. While this may put you in a tight spot briefly, being flexible will help you get through this. Get the replacement and then get back on track with your emergency fund so that you are more prepared for the next hiccup. The good news is that when you are able to begin paying cash for these types of emergencies, there will be no more interest paid so you get to keep that amount in your savings rather than giving it to a credit card company or the bank.

It’s not always easy, but it is always moving you forward.


Terry Richards, CFO