How Much Are You Setting Aside To Reach Your Goals?

In celebration of America Saves Week (February 26-March 3), HighTower St. Louis located in Brentwood, would like to help you analyze and enhance your savings strategy for a stronger financial future.

“America Saves Week is an opportunity to step back and access your savings goals,” said Laura Boedges, RICP®, CDFA™, Wealth Advisor, HighTower St. Louis. “A few small adjustments and changes daily weekly and monthly can have a significant effect on your overall financial future.”

To send you on the path toward more savings success, HighTower St. Louis offers the following advice:

· Set a goal. The first step is to set a realistic savings goal. Weigh your expenses, develop a budget, and determine how much money you can save each month.

· Start small. If you’re a novice saver, start putting aside just a few dollars per paycheck to get yourself in the habit of saving.

· Out of sight, out of mind. Open a savings account and intentionally don’t allow yourself easy access to it.

· Start a journal to track spending. Every day for a month, jot down what you have spent and what the purchase was for and enter it into your dollar diary. You may be surprised at the amount you spend eating out, having your favorite beverage or splurging on the latest fashion.

· Start cutting, begin saving. Eliminate extravagances and unnecessary spending. Instead, put that money into your savings account.

· Think NEED. When at the grocery store or retailer, question yourself each time you pick up an item. Ask yourself, “Do I really need this?” Chances are, the possible purchase is more a “want” than “need.” Living a needs-only based life eliminates clutter and creates a fatter bank account.

About HighTower St. Louis

HighTower St. Louis combines experienced financial advisors from every segment of the industry with sophisticated technology and investment offerings that foster excellent client relationships. For more information, please contact www.hightowerstl.com or call 314.598.4060.

About HighTower

HighTower is a national firm built by and for elite financial advisors. HighTower advisors commit to the fiduciary standard: a binding promise to put our clients’ interests first. Powered by a proprietary technology and investment platform, HighTower embraces bold change to create a culture of collaboration and growth and to meet the evolving needs of sophisticated investors. For more information, see www.hightoweradvisors.com.