Money-Saving Advice for Grads During Challenging Times

Available for Interviews: Harry Abrahamsen.

Harry J. Abrahamsen is Founder & CEO Abrahamsen Financial Group. His company offers customized wealth management solutions—creating plans and portfolios that protect, preserve, and grow client’s wealth. He was selected as one of the ten most dependable Wealth Managers in the Mid-Atlantic as published in Forbes magazine. 

 

Talking Points from Harry Abramhamsen on
How Graduates Can Save Money During this Challenging Time
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Students are finally graduating and are now turning a new page in their chapter in life. Understanding various money strategies can significantly impact their financial success in the real world. It is equally important to start to save money to build up short term liquidity. All too often people will throw all the money they have at their debt ignoring building short liquidity. The old saying that “cash is king” really applies here. Start a monthly saving habit and stick to it. Do not worry about a rate of return, because it is a short-term strategy.  This money may be needed for an emergency or to purchase a new home or condo. One of the early traps are “investing” into a risky investment so the money can grow—to potentially lose money to market volatility. 

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