Assessment – We need an Xray of your Financial World
Your Income sources
Your Assets ( pensión plan, savings, property)
Your Debt ( The lender, interest rates, term of loans)
Your Credit Report
Your Expenses
Analysis of the Xray
How do we reduce your debt
How do we increase your savings
How do we increase your Income
How do we reduce your expenses
How do we improve your credit scores
Setting Goals
Steady Source of Income
Protection against financial catastrophes ( Medical Insurance, Life Insurance, Property Insurance
Financial Reserves ( Car breaks down, household appliances)
Planning to get ahead of cost of living ( Modest inflation will eat your savings)
Be Alert to opportunities ( public policy)
The Budget
Its a planning device to set and reach your goals
Review your prior year spending, time to get creative
A Budget Will be your best friend, it alerts you to trouble while there’s still time to do something about it.
Choose your software ( or Excel spreadsheet, a notebook)
Review your utility bills ( Moment to spend to sabe)
Credit
Switch to lower-rate credit card( Are you enrolled in mileage program?
Send extra money to principal to pay off your mortage
Who do you bank with? Watch for the hidden fees
Pay off your car loan
Protect your home with “ Hogar Seguro” Puerto Rico law
