IMOR Financial - Blog

The IMOR Financial Blog

suitcase with sun hat on top in the middle of a sandy beach
08
Jul
2022

Most Americans have been overspending on credit cards for everyday expenses, but when it comes to travel, people seem to be using their savings. This is according to an April 2022 survey by GOBankingRates, in which 62% of respondents indicated they used savings instead of a credit card or other source of funding for their travel expenses. This could be a very smart decision because if you go into debt to just to go on vacation this can lead to long-term financial consequences.

10
May
2022

Chances are if you live long enough, you will most likely experience a disability in your lifetime. You may not have disability insurance because you think a disability will never happen to you, but that fact is, we don’t know this! Disability insurance, also known as “income insurance” is extremely important. When we think about what our biggest asset is, many think of their home, or 401(k) account, but that isn’t the case. Your biggest asset is your lifetime earning potential, and you could find yourself at risk if you become disabled or injured.

women with paper on a desk budgeting
10
Apr
2022

The importance of having a budget is a “financial lesson” that cannot be lessened. If you and your family want to have financial security, having and following a budget is the answer. 

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