• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • Discover How
    • Risk Score
    • Learning Center
  • Client Access
    • Wealth Center
    • Orion

Who Needs Rules? You Do!

August 30, 2017 by Bautis Financial

Not many of us like to follow a set of rules, but for each component of our life we need to set some personal rules, or standards that can apply to our everyday obligations. If we don’t it’s like we are flying blind and that area of our life can quickly turn chaotic.
For example to have optimal health some good rules to follow are:

  • Lift Things and Move Around…
  • Avoid Excess Stress…
  • Don’t Put Toxic Things in Your Body…Rules
  • Nourish Your Body With Whole Foods…

If we establish similar rules to guide us with our finances we’ll have a better chance of achieving our goals. Some examples of good financial rules are:

  • Contribute the max to your retirement accounts
  • Contribute the max to college funds
  • Pay off your credit card balance each month
  • Avoid excessive fees
  • Have lots of insurance
  • Invest in assets that generate income
  • Keep a minimum balance in emergency savings account
  • Set & adhere to a monthly budget for categories like dining out, entertainment, travel…

If we expand on one of the rules above we can see how it can guide our daily lives. Let’s say we set a rule to have a minimum of $10,000 in our emergency savings account. The behaviors that stoke the standard are important. You can expand the rule to say that we will not dine out or go shopping until we hit the standard.
The challenge is that most of us we don’t like rules and we covet the freedom to do and say what we want. However, if we don’t have any rules our financial lives can turn to chaos and set ourselves up for failure.

Category: Investments, Personal Finance, Retirement Planning, Wealth ManagementTag: emergency savings, insurance, max out college funds, max retirement account, monthly budget
Previous Post: « When target date funds miss the mark…
Next Post: Is this the right advisor for me? »

Sidebar

Featured Articles

bautisfinancial risk number

Recent Posts

What is Cryptocurrency?

3 Important Things to Know About Cryptocurrency Before Investing – Daily Flash Briefing

April 16, 2021 By Bautis Financial

Cryptocurrency 101

Cryptocurrency 101: Understanding the Basics

April 15, 2021 By Bautis Financial

Spring 2021 Key Financial Dates

Spring 2021 Key Planning and Investment Deadlines

April 15, 2021 By Bautis Financial

IPO Investment: Can You Handle the Risk?

IPO Investment: Can You Handle the Risk? – Daily Flash Briefing

April 14, 2021 By Bautis Financial

How Much U.S. Currency is in Circulation?

How Much U.S. Currency is in Circulation?

April 13, 2021 By Bautis Financial

Blog Categories

  • Budgeting/Saving (10)
  • Business (8)
  • Clear a Path Podcast (3)
  • Daily Flash Briefing (1)
  • Education (13)
  • Estate Planning (4)
  • Finance News (112)
  • Flash Briefing Old (127)
  • Insurance (12)
  • Investments (64)
  • Learning Center (8)
  • Lifestyle (5)
  • Miscellaneous (55)
  • Personal Finance (52)
  • Politics (8)
  • Real Estate (7)
  • Retirement Planning (57)
  • Social Security and Medicare (18)
  • Taxes (24)
  • The Agent of Wealth Podcast (65)
  • Uncategorized (130)
  • Videos (43)
  • Wealth Management (32)

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each month.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact


Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • Discover How
    • Risk Score
    • Learning Center
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2021 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top