Control Your Expenses in 2020 January 24, 2020 Family Financials Print To be an investor, you must also be a saver. And saving requires spending less than you earn. So, the first step to becoming a successful long-term investor is understanding and controlling your spending habits. It’s easier than you think, and here are a couple of tips that you can literally take to the bank. List your recurring monthly bills—think mortgage, cable, cell phone, insurance payments, utilities, gym memberships and transportation. Track your other daily expenses over the next month to get a feel for where the rest of your money is going. Groceries, shopping, gas, eating out, entertainment… you get the picture. If you find that you’re spending less than you earn, you might still discover ways to spend even less. If you’re spending more than you earn, we can help you prioritize and strategize ways to tilt the spending-versus-earning seesaw in your favor. We’re always available to assist with managing your spending, saving and then finally investing for the future. We can help you prioritize and strategize ways to tilt the spending-versus-earning seesaw in your favor. Make it easy on yourself: Setting up your savings so that they flow automatically from your paycheck into retirement or long-term investment accounts is a great shortcut. Set an investment goal for your savings. We recommend that clients who are not in retirement put at least 10% of their income (including any employer match) toward their retirement. If you have any questions or would like our guidance in developing a savings plan, please contact your portfolio team. We’re here for you! About Adviser Investments Adviser Investments is a full-service wealth management firm, offering investment management, financial and tax planning, managed individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trusts, institutions and foundations since 1994, and have more than 3,500 clients across the country and over $7 billion in assets under management. Our portfolios encompass actively managed funds, ETFsA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index., socially responsible investments and tactical asset allocation strategies, and we’re experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To. Our minimum account size is $350,000. To see a full list of our awards and recognitions, click here, and for more information, please visit www.adviserinvestments.com or call 800-492-6868. This material is distributed for informational purposes only; and is not financial or investment advice. Speak to your financial adviser before taking specific action. The investment ideas and opinions contained herein should not be viewed as recommendations or personal investment advice or considered an offer to buy or sell specific securities. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed. Our statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio. You may request a free copy of the firm’s Form ADV Part 2, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged. Past performance is not an indication of future returns. We do not provide legal or tax advice, nor sell insurance products. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Always consult an attorney or tax professional, or licensed insurance professional regarding your specific legal or tax situation, or insurance needs. © 2020 Adviser Investments, LLC. All Rights Reserved.