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 budgeting, saving, and investing plans. Each plan is customized and carefully tracks how you budget, save, and invest your income to reach your financial goals. 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 Savings and Investing Plan

Once you successfully create and stick to your budget, you need to decide what to do with your expendable income.  Savings and investing plans help you achieve short-term, medium-term, and long-term investing goals by calculating 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 2% APY? How would those returns compare to a brokerage account with a 7% ROI (return on investment)? Do you understand the risk difference between both accounts?

Savings and investing plans help 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.

 

 

Sample Portfolio Tracker

You have a checking account, a high-yield savings account, a brokerage account, and a retirement account. How do you know if any these accounts are making you any profit? How do your returns compare to the stock market and returns of other funds?

It’s important to check your accounts every 6 months to one year and calculate ROI. Compare your returns to stock market indexes (S&P 500, DJIA, NASDAQ) and other benchmarks.

 

 

Dao Academic Consulting Can Help

Intimidated by all the numbers?

Don’t be!

Dao Academic Consulting can help you create a plan that fits your needs.

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