This summer it’s all about SPF.
No, we’re not talking about the sunscreen you’ll be slathering on while you’re at the beach—although that’s important too.
We’re talking about SPF for your money—an acronym meant to remind you of the importance of three financial fundamentals: save, protect, fund.
By "save," we’re talking about building up your nest egg. "Protect" is how well you’re protecting your family and yourself through insurance coverage. And "fund" refers to your emergency fund—or how well you’re stashing away for a rainy day.
These elements of your money life are important to your financial security, so tending to them now will help boost the chances that you’ll have enough to cover everything—from that leaky roof to your golden years—when the time comes.
And in the same way that you probably wouldn’t lie poolside for eight sun-scorching hours without a good coating of sunscreen, you also wouldn’t want to leave your financial future unprotected by not being adequately prepared.
So put aside that beach read for a few minutes and take this quiz to assess your financial SPF factor.
LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Unless specifically identified as such, the individuals interviewed or quoted in this piece are neither clients, employees nor affiliates of LearnVest Planning Services, and the views expressed are their own. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.