(BPT) - By: Konda Pollard and Brent Suriano, Synovus Bank
According to recent research, while 74% of Americans engage in financial planning, only 15% have a written plan and 30% lack any long-term financial goals. With April being Financial Literacy Month, many people are seeking advice on how to get their finances in order. With a well-laid and continually updated financial plan, people can feel more in control of their financial future and more confident in meeting their goals.
Over the past few decades, financial products have become more accessible to the public, which has led individuals to have more bank and investment products than ever before. Between bank accounts, credit cards, auto loans, mortgages and multiple investment accounts, it can be tough to begin organizing. Together with a financial advisor, taking a holistic look at where your money is going may help you find places to cut down on spending and save money toward your goals.
To implement a financial plan that works for you, consider the following:
Life is full of uncertainties, but your financial future doesn’t have to be one of them. Financial Literacy Month is a great time to take a closer look at your finances and assess your goals with a trusted advisor that can help set you up for success in April and beyond.
Konda Pollard and Brent Suriano are directors of private wealth at Synovus Bank.