Secure your current financial situation now that you have achieved personal and professional stability. Grow your capital in order to reach the objectives you’ve set for your own financial progress.
Ask yourself:
-
Have I given thought to starting to save for my retirement?
-
Do I see investing as a tool to help make my money grow?
-
Do I know how I’m going to pay for my children’s higher education?
If you answered ‘yes’ to any of these questions, it's time to solidify your financial future.
In order to do so, you’ll need to manage your budget. Here are some helpful guidelines for allocating your budget:
| 35% |
HOME: Mortgage or rent payment, utilities, insurance, taxes, and home maintenance costs. |
| 20% |
TRANSPORTATION: Car or lease payments, insurance, registration (“marbete”) and license fees, maintenance, gas, and parking expenses. |
| 20% |
OTHER EXPENSES: Food, clothing, hobbies, entertainment, day care, medical and other ongoing expenses. |
| 15% |
DEBTS: Personal loans, credit cards, credit lines, taxes, and medical debts. |
| 10% |
SAVINGS: Put your money to work for you with CDs, savings accounts, mutual funds, IRA, 401K, and other retirement accounts. |
Disclosures
1 FDIC does not insure investment products; they are neither deposits nor obligations of Oriental Bank and Trust and are not guaranteed by Oriental. All investment products are subject to investment risks, including the possible loss of principal. This information is neither an offer to sell nor a request for offers to purchase securities. The offer is only made through the prospectus. Request a prospectus on each investment product and study carefully before investing. Past results are not a guarantee of future returns.
