Ryan & Janowsky Financial Strategies Group


April is Financial Literacy Month.  This doesn’t mean we all need to enroll to obtain a degree in economics.  However, this should bring awareness to the importance of being mindful with your own finances and investments.

The last few years has brought swings in the broad equity markets, strong moves with interest rates and the fixed income markets - which led to some very unexpected results.  With so much uncertainty in the recent past and little evidence that it will dissipate, this may be a prudent time to gain some knowledge and habits for more successful planning and investing. 

  • Create a budget: Start by calculating your monthly income and expenses. Use this information to create a budget that works for you. Don’t leave anything out, there are many guides online.
  • Smart debt: If possible, avoid taking on debt. If you must take on debt, be aware of interest rates, and make sure payments fit into your budget.
  • Save for emergencies: Set aside some money each month in case of emergencies.
  • Save for the future: Start saving for retirement as early as possible to give your money time to grow.  As I have said many times, pay yourself first!
  • Live within your means: Try to live within your means by avoiding unnecessary expenses and making smart purchasing decisions.
  • Plan for big expenses: Whether it's a down payment on a house or a new car, plan ahead for big expenses by saving up and making informed decisions about financing options.
  • Be mindful of credit: Behaviors that lead to carrying monthly balances and spending more than you otherwise would with cash or a debit card can lead to more financial problems than if you avoided using credit altogether. 


Think Holistically: Consider the generations above and below you. Generational wealth planning, care giving and retirement planning are all intertwined.   

Most Importantly:  Don’t be afraid to ask for help, seek a financial advisor.


Peter Janowsky