The COVID pandemic has caused added financial stress from higher grocery, child care, education and other living expenses. During times like this, it is more important than ever to have a family budget that shows where you are spending and how to adjust the budget while maintaining some level of savings.
Like an annual physical examination, professionals can help you set goals and provide other assistance to help you achieve financial fitness. If you have recently experienced a major life event (e.g. marriage, divorce, birth of a child, etc.) or nearing retirement, you are due for a financial check-up.
Take advantage of the county's free resources to review your budget, debt and savings and stay on track to financial well-being.
Budget review
Set your financial priorities and goals – manage your income, expenses and savings
LSS Financial Choice – 6 free confidential financial counseling sessions per year
- Current income
- Expenses
- Savings
- Credit rating
- Emergency savings
- Financial education
Debt review
Reduce debt burden – prioritize and consolidate debt, protect your credit rating, lower debt interest rates, mange student loan repayment, prepare for home purchase, prevent home foreclosure
LSS Financial Choice – 6 free confidential financial counseling sessions per year
- Current debt
- Student loan management
- Debt management plans
- Homeownership planning
- Home foreclosure prevention
- Debt education
Savings review
Set your savings and retirement income goals – assess savings needed to provide sufficient income for leading your desired lifestyle during retirement
Fidelity, MCDCP, VOYA
- Set your savings goal with guidance from investment professional
- Identify a retirement savings shortfall
- Develop a plan for reducing or eliminating any savings gap