• 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
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • 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

Understanding Guardianship for Older Adults

Understanding Guardianship for Older Adults

June 29, 2022 By Bautis Financial

Home Prices Reached Another Record High in April

Home Prices Reached Another Record High in April – Daily Flash Briefing

June 29, 2022 By Bautis Financial

Summer 2022 Calendar - Investment Deadlines

Summer 2022 Key Planning and Investment Deadlines

June 28, 2022 By Bautis Financial

Millennials Retiring Early

Millennials Are Hopeful About Early Retirement – Daily Flash Briefing

June 28, 2022 By Bautis Financial

The S&P 500 Index

5 Facts About the S&P 500 Index

June 27, 2022 By Bautis Financial

Blog Categories

  • Budgeting/Saving (29)
  • Business (49)
  • Clear A Path Podcast (6)
  • Client Resources (4)
  • College Planning Learning Center (2)
  • College Planning Podcast Series (3)
  • Daily Flash Briefing (1)
  • Education (23)
  • Estate Planning (13)
  • Finance News (448)
  • Insurance (21)
  • Investments (193)
  • Learning Center (23)
  • Lifestyle (49)
  • Miscellaneous (68)
  • Personal Finance (137)
  • Politics (19)
  • Real Estate (40)
  • Retirement Planning (90)
  • Social Security and Medicare (26)
  • Taxes (45)
  • The Agent of Wealth Podcast (110)
  • Uncategorized (126)
  • Videos (122)
  • Wealth Management (58)

Subscribe to Our Insights

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

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
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2022 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top