The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, the markets and more! As we close out July, and our theme of "independence," we kick off August and welcome in "money" month at MONECO Advisors. All month we will be highlighting everything related to it, including savings strategies, budgeting, cash flow, debt management and more!
In this issue:
- MONECO Insights - Budgeting & Expense Management: A Roadmap To Financial Success (3 min read)
- GDP Growth Exceeds Expectations (2 min read)
- An Essential Guide To Building An Emergency Fund (2 min read)
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MONECO Insights - Budgeting & Expense Management: A Roadmap To Financial Success
As we usher out the theme of "independence" in July, the MONECO Insights team this week looks ahead to "money" month and kicks it off with a piece on budgeting & expense management. What you need to know and the steps you can be taking now to get your long-term financial plan on track.
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GDP Growth Exceeds Expectations
Despite the ongoing inflationary environment, the U.S. economy grew more than expected in the second quarter, sparking doubts that a potential future recession may not come to fruition. Although only time will tell, the consumer has continued to spend, despite higher interest rates and the cost of goods and services. If you have any questions, do not hesitate to reach out.
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An Essential Guide To Building An Emergency Fund
An Emergency Fund is an essential part of any long-term financial plan. Having liquid funds to prepare for the unforeseen despite your cash flow and income needs today is critical. How much should it be? Read below to find out. If we can help in any way, please give the office a call.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.
References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.
Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.