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Wes Moss Comments On Big Picture Savings

In an article for the Miami Herald, financial experts looked at the qualifying perspectives which contribute to a successful long-term savings plan.  They state that a long-term savings strategy should not primarily focus on a fixed correction to present spending habits on the small scale.

In an article for the Miami Herald, financial experts looked at the qualifying perspectives which contribute to a successful long-term savings plan.  They state that a long-term savings strategy should not primarily focus on a fixed correction to present spending habits on the small scale, e.g., not eating out as frequently; but should encompass a more holistic approach to daily living habits and adjustments to those expenditures.  “That’s why we’re best off setting broad financial parameters”, says Wes Moss.   He tells clients to spend 30 percent of their incomes on taxes, put 20 percent into savings, and live on 50 percent.

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