How to Budget, Save, and Invest

How to budget, save, and invest with customized financial plans

Everyone Needs a Plan

Financial goals are important. Without specific and time-measured goals, it’s difficult to budget, save and invest. Dao Academic Consulting offers personalized plans and spreadsheet calculators to meet your money goals. Each plan is customized and carefully tracks how you budget, save, and invest your income. With these powerful tools, you decide exactly how much you want to budget, save, pay down debt, and contribute towards your retirement.

Please note that Dao Academic Consulting does not offer certified financial planning and cannot legally offer investing advice. To search for an investing professional, please refer to FINRA.org.

Check out the below samples to take a sneak peak at your future finances!

Sample Budget

Everyone needs a budget, regardless of income. Budgets ensure that you pay yourself first by tracking bills, subscriptions, groceries, and miscellaneous spending habits. Dao Academic Consulting helps you pin down where your money is going to help you cut back. Any expendable income is then put towards paying off debt, building an emergency fund, and opening investment accounts.

 

 

Sample Financial Plan

Once you successfully create and stick to your budget, you need to decide what to do with your expendable income. Financial plans help you achieve short-term, medium-term, and long-term goals by calculating exactly when you can achieve those goals.

For example, you need to save $7,000 for a down payment on a mortgage loan. How long will it take you to save $7,000 if you make monthly contributions to a high yield savings account with a 1.21% APY? How would those returns compare to a certificate of deposit? Do you understand the cost and time difference between both of these accounts?

Creating a financial plan helps you track your progress to achieve your financial goals. If you don’t track your progress, you’ll never be motivated to reach your goals.

 

 

Dao Academic Consulting Can Help

Intimidated by all the numbers?

Don’t be!

Dao Academic Consulting can help you create a plan.

Schedule a free consultation to discuss your budgeting, savings, and investing goals.