Financial Planning for All Ages
Are you wondering where the world economy is going and how your personal finances will stand up to the changes? If so, you are not alone. Part of the fun of being on this planet is planning for the future even when it’s not clear what will happen tomorrow or next week.
If you’re old enough to know who Gilligan is without watching syndicated reruns, then you’ve already been through a variety of economic conditions. Inflation, recession, economic booms and busts…today’s shifts are no shock to you. However, if you consider anything by Aerosmith, Savage Garden, and most “boy bands” to be an “oldie”, then today’s economic conditions may be new to you and you’re probably wondering what’s going on.
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Maybe you’re one of the people who went through mass layoffs in virtually all industries in 2022. Maybe you’ve made a New Year’s resolution to become more financially stable in 2023. You might even be worried that this is the year that the economy will truly enter into the recession that many have predicted for quite some time.
There’s an old saying that reminds us “if you fail to plan, you plan to fail.” Whoever coined that phrase was talking about the world of small business accounting whether they realized it or not.
It’s hard to ignore the real-life impacts inflation is having. While gas and grocery prices are having the most immediate effect, the price of almost everything is going up. People who are looking for ways to counter the impact and preserve financial stability can start with these solutions. They’re accessible options that can make a real difference.