Control Your Expenses in 2020 - Adviser Investments

Control Your Expenses in 2020

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 is a full-service wealth management firm, offering investment managementfinancial and tax planningmanaged individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trusts, institutions and foundations since 1994. Adviser Investments and its subsidiaries have over 5,000 clients across the country and over $8 billion in assets under management. Our portfolios encompass actively managed funds, ETFs, 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. To see a full list of our awards and recognitions, click here, and for more information, please visit or call 800-492-6868.

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