Six Steps to Improving Your Financial Position

Six Steps to Improving Your Financial Position

Six Steps to Improving Your Financial Position

Six Steps to Improving Your Financial Position

You would not traverse the side of a mountain without careful planning and without first seeking the advice of experts, you should treat your finances with the same sort of meticulous detail.

Saving money for the future is like scaling the face of a high mountain. No action can be rushed. Fastidious planning coupled with an unwavering commitment to implementing the plan are imperative to success. As the old saying goes, it is “slow and steady” dedication that will lead to the ultimate goal. When it comes to saving, the process can be confusing. So how does one know where to start? Here are six steps to get you going on a path toward saving for your future and retirement.

Set Goals
It is important to understand your current financial situation before you make any changes. To get a comprehensive outlook on where you stand, compile all relevant materials like bills, assets, and policies. Once you have wrapped your head around your existing financial landscape, you need to draft applicable and realistic short- and long-term goals. Write out your ambitions and make them visible, so you are always reminded of the objectives. Revisit your list of targets at least once a year to ensure they are obtainable and still personal priorities. As you reach your goals, add new ones to the list, so it is an ever-evolving process.

Six Steps to Improving Your Financial Position

Well devised goals are essential to obtaining your financial dreams.

Establish a Budget

Anyone well versed in finance will tell you; it is all about spending less than you make and to do that you need to set a budget. Setting a weekly, monthly, and yearly budget will keep you disciplined, and a budget will help you stay on track to achieve your goals.

Pay off Debt

When you devised your goals you listed out all your outstanding bills or debts, now it is time to start tackling those. If at all possible do not add to your debts, instead pay at least the minimum payment on all debts which accumulate interest. Focus on the high-interest debts first, exclude a mortgage, and pay those off more aggressively. Focus on one debt at a time, and you will start paying down all outstanding bills.

Establish an Emergency Fund

You should try to save between three to six months worth of living expenses, and they need to be easy to liquidate or kept as cash in case of an emergency. If you or someone in your household becomes ill, if there is a job loss, or any unforeseen issue requiring quick access to money, you will need to tap these resources.

Start Saving

After you have begun paying off debt, you have money set aside in case of an emergency, and a clear sense of direction for your financial goals, you can start saving for your dreams. Your future might include dreams of retirement, paying for your children’s college, or just living comfortably without the financial constraints of working in your 60’s, 70’s, and 80’s. There are many options for long-term saving from a 401k to a Roth IRA or a 529 account to a traditional savings account, a collection of bonds, life insurance, or stock options; there are countless options to fit almost any lifestyle.

Consult Experts

When you start to accumulate wealth, the economic landscape can become tricky to navigate because the options for investment are expounding and ever changing. Consult financial experts to help guide you through the investment process. They will help you tweak your goals and realign your current and potential assets to ensure you are posed for financial security. The consummate professionals at Benedetti, Gucer & Associates are an Atlanta-based Registered Investment Advisory firm glad to help clients realize their financial goals. They specialize in wealth management and corporate retirement plans. They have years of experience gleaned from gritty tenacity and unwavering integrity which is why Benedetti, Gucer & Associates (BGA) have earned the trust of their clients in a world wary of the financial service industry.

Six Steps to Improving Your Financial Position



The professionals at BGA take pride in their ability to develop customer relationships based on sound performance, diligent work ethic, and professionalism. They work with vigor to earn the trust of clients in a world wary of the financial service industry. BGA is a fiduciary which means they are obligated by law to put their client’s needs ahead of their own. When mapping out their client’s economic futures, they believe in taking a holistic approach to obtain optimal returns, given each person’s comfort level for risk. While preparing a customized plan, BGA advisors will consider the short- and long-term objectives, risk tolerance, and the time horizon for an entirely personalized strategy.


Charting the path toward financial security can seem daunting but following these six steps and entrusting the guidance and advice of BGA, will be essential to helping you reach your goals for the future.



The views expressed represent the opinions of Benedetti, Gucer & Associates and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person.


Additional information, including management fees and expenses, is provided on Benedetti, Gucer & Associates’ Form ADV Part 2, which is available upon request.


  1. My husband and I paid off our credit cards a few years ago and it was the best thing we ever did. It was the first step to freedom!

  2. These are really good steps, in that order too! I like that you added consulting experts on there. Most people don’t think to do that and it can make a lot of difference.

  3. I LOVE these tips!! I work for a debt attorney and the trouble some people are in is crazy!! I myself need to work on saving more and setting goals!! Thanks for sharing the advice!

  4. Great advice! It’s so important to have a backup fund incase of emergencies, we’ve got ourselves out of some sticky places thanks to having a standby!

    1. Yes, I agree its very hard, but if you work hard at it and never give up you will be successful. I am 27 years old and I was in your same shoes. My partner and I own our own home now.

  5. I love this post. Indeed an eye opener and a big help to those who really want to have financial freedom. Set goals and budget plus saving is such the most important.

  6. I love articles like this sharing information that we all need. These tips are all so vital to improving our financial position.

  7. Great tips. I think its important to set SMART goals and to always have an emergency fund, you never want to tap into a long term investment to satisfy a short term need.

  8. Those are all great tips. They are certainly things I have heard about for. I am working to be able to experience financial independence and I am hoping that some of my risks pay off.

  9. I’ve been saving since I was in high school, and I’m so glad to have never been in debt! These tips are so helpful as I’ve implemented them in my life since I was young!

  10. You really need to take care of your debt first. Having a plan and a budget will really help you pay that off. I think these are great tips.

  11. Thanks for the tips! I think it’s so important to have an emergency fund. It’s always good to be prepared for any situation that may arise. Better safe than sorry!

  12. These are great steps for improving your financial position. Having goals is a key to many things. Goals are motivation for us to be better. Thanks for sharing the tips.

  13. A budget! Yes! So incredibly important (as is paying off debt). Honestly, it seems neverending to me and my husband with student loans, but we are slowly getting there!

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