Financial fitness takes center stage during Self-Improvement Month
-
2:45
’It’s gross and disappointing’: Brady St. chaos includes...
-
2:26
How the Racine County Sheriff’s Office is using AI to catch...
-
2:32
MPS board discusses why 13 schools are being considered for closures...
-
2:40
Milwaukee’s Puerto Rican community stung by racist comments...
-
3:11
Push to limit noncitizen voting on Wisconsin ballots
-
2:53
MPD squad cars involved in multiple crashes in 1 night
-
1:39
’We take care of each other’: Organization provides bikes...
-
1:06
Baldwin, Hovde make final push on campaign trail as Senate race...
-
1:03
New gun violence prevention program coming to Milwaukee County
-
1:03
Early voting update in Milwaukee
-
1:26
Go on an adventure into Wonderland at new Shorewood bookstore
-
3:44
UW Health Chief Quality Officer joins CBS 58 to discuss health...
MILWAUKEE (CBS 58) -- Tony Drake, Founder and CEO of Drake & Associates, emphasized the importance of financial health in an interview on Monday, Sept. 11.
With September designated as Self-Improvement Month, Drake provided four key habits to improve financial well-being.
He stressed the importance of budgeting, stating that a well-defined budget can help individuals keep track of their finances and prioritize spending.
Drake also encouraged people to break bad money habits like lifestyle inflation and impulse spending, as Americans average over $3,000 in impulse purchases annually.
He mentioned the urgency of building an emergency fund, as nearly one in four American families lack one.
Finally, he recommended finding trusted financial resources and professional guidance for improving financial literacy and achieving long-term goals.
More information can be found by visiting Drake & Associates online.