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Saving is hard. Saving takes effort and planning. Yes, these statements are true, but they are just as much true as they are false. We can make saving as easy or hard as we want. So the question here is, how do we make it as easy as possible and more specifically, how do we stress the importance of savvy saving to millennials?

Step #1: Put yourself in their shoes

Rebalancing involves periodically buying or selling assets in a portfolio to maintain an original desired level of asset allocation. These actions are often taken to ensure the amount of risk involved is at the investor's desired level. One of the most common areas investors look to rebalance are the allocations within their retirement accounts. Market fluctuations are inevitable and with that, rebalancing your portfolio as you are inching closer towards retirement can really be beneficial.

Asset allocation is an investment strategy that aims to balance risk and reward by dividing a portfolio's assets according to an individual's goals, risk tolerance and investment horizon. The asset allocation that works best for you at any given point in your life will depend largely on your time horizon and your ability to tolerate risk. The investment portfolio is divided into cash, stocks, and bonds and each has a different level of risk and return attached.

Summer is coming to a close and with that school is just around the corner. This means you have a list of things to do before that first day back. You have back to school shopping, schedules to change, and no time to waste. So before your head starts spinning thinking of everything you need to get done take a look at this list I have created to help you avoid the “back to school stress”.

As responsible adults we all know the good that can come out of saving our money. We can get ourselves out of debt, live a less stressful life, and even plan a spectacular getaway. That sounds good doesn’t it? Well, somewhere along the road this message gets lost in space because life happens and the plans we have made to save are put on the backburner. Saving isn’t easy but there are many tips and tricks to get you on the right track.

There’s a good reason there’s an estimated 74 to 96 million owned cats and 70 to 80 million dogs in the U.S. With wagging tails, slobbery kisses, and little whiskers that make for adorable Instagrams, pets give us that warm, cuddly feeling inside. They are part of our families and some of our best friends. But, they can also be a substantial part of a personal budget, especially since it (hopefully) is a long-term commitment that can last for a couple decades. It was estimated that over $62 billion was spent collectively on U.S. pets in 2016.

In the realm of financial planning, time is our most valuable asset.  It’s available to all of us, providing each individual with the same opportunity to optimize its value in building wealth. It’s the only resource we all have over which we have some degree of control. However, it is a wasting resource if it is not optimally utilized.  Each day that passes, without some contribution of money, either in savings or interest, the cost of our financial goals increases. As time marches on, the obstacles to achieving goals of any time horizon become increasingly insurmountable.