Five ways to help you manage financial security during an election.
It used to be that election cycles were once every four years. Now they never seem to start or end.
In that way, this helpful article can be both very timely, and perhaps everlasting.
If you’ve had it with politics, you aren’t alone. The media likes to make politics and candidates a headline every day, and it never seems to be good news. That can be stressful, especially when you consider the potential impact that election cycles and election results can have on regular people like us.
Worrying can take its toll. Especially when it seems that there isn’t much you can do about it. Elections affect taxes, inflation, and American morale, so they are important. But, If you’re simply trying to raise a family and live a good life as an honest tax-paying American citizen, it can be hard to insulate yourself and your family from political impact.
We’ve been serving our community since 1951…way back to when Harry Truman was President! So we’ve learned a few things about election cycles and finances along the way.
We’ve got some tips that we think can help:
Monitor your spending:
History repeats itself. Keeping track of spending helps you to understand the real impact of any certain time. While it is helpful now, it can come in handy during the next election cycle. You’ll have records to show you the truth about the real impact.
Focus on Long-Term Goals:
The only constant is change. Don’t make rash decisions when it happens. Keep your eye on the long game. Long-term goals are worth sticking to, regardless of who wins or loses today.
Consolidate Debt:
No one knows for sure what will happen. But, you can count on the fact that multiple sources of high-interest debt are never a good thing to carry around. Consolidate that debt into one low-interest loan to help you stay in control, no matter what happens.
Avoid overload:
It’s hard not to get caught up in the drama of it all. We are all Americans, and we have something at stake. Stay informed and remain vigilant, but realize when the blizzard of information is becoming unhealthy.
Be yourself:
The outcome of an election does not change who you are. We believe that people are good and that they usually mean well. Believe in yourself. We believe in you.
Yes, elections matter. Interest rates rise and fall due to them, as does the price of gasoline, inflation at the grocery store, and tax rates. But when all is said and done, you control yourself, and you control your spending habits. Stay true to what’s right, and it will all turn out ok in the end.
This way, no matter what happens on Election night, you’ll be a winner!
