February: Month of Love & Savings
February is the month of love – a time to celebrate your spouse, significant other, children, and everyone else close to your heart. But beyond flowers and chocolates, what better way to show your love than by making smart financial choices for the future? Loving your future means taking steps today to secure tomorrow for yourself and those you care about.
We all start the new year with good intentions. Resolutions are made, and we’re determined that this will finally be the year we prioritize saving. But life happens—an unexpected bill, an unplanned expense—and suddenly, our savings are the first thing to take a hit. After all, no lender, utility company, or landlord will call if you skip a payment to your savings account. That’s why it’s important to have a financial plan that helps you stay on track.
Here are three practical ways to save while still enjoying life’s special moments:
Set Up Automatic Retirement Contributions
If your employer offers a 401(k) match, don’t miss out! Not taking advantage of this is like leaving free money on the table. Many employers can automatically deduct contributions from your paycheck, so you’re saving without even thinking about it. Even if you can’t start with the recommended 10-15%, any amount helps. One percent is better than nothing—what matters is getting started! If your employer doesn’t offer a 401(k), consider setting up a retirement account with a trusted financial advisor.
Create a Budget That Works for You
If you don’t already have a budget, now is the time to start. A budget is key to understanding where your money goes each month. Plenty of websites and apps, like Goodbudget and You Need a Budget, make budgeting easy and accessible. Prefer to create your own? A spreadsheet works just as well. No matter which method you choose, the most important step is getting started.
Plan Your Splurges – Guilt Free!
Treating yourself and your family is important, and the key to doing it wisely is planning ahead. Whether it’s a weekly coffee treat or a fun family outing, include these splurges in your budget so you can enjoy them without worry. And if an unexpected expense pops up, LPI Loans is here to help keep your finances on track—so your savings stay intact.
At LPI Loans, we understand that life doesn’t always go according to plan. Whether you need a little extra financial flexibility or help covering an unexpected expense, we’re here to help. Reach out to us anytime—your future self will thank you!
💡 PS! February 20th is National Love Your Pet Day! Spoil your furry (or scaly) friends and show them some extra love.
Employees of LPI Loans and our affiliates are not attorneys. LPI Loans does not provide legal advice. For legal questions, please consult with your attorney.
