Find Out How to Finance Your Family Goals 

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Find Out How to Finance Your Family Goals  

Starting a family is expensive. You’re raising kids, paying off a house, paying off debt, and there’s always the chance that a surprise expense is waiting just around the corner. While all that’s going on, you’re still trying to reach important financial goals shared by your family.  

It’s worth every dollar, but financial problems are one of the leading causes of divorce, as the stress quickly leads to disagreements. Marital experts say that one thing couples struggle with is shared financial goals. You need to have a clear vision of what you’re saving for and how much you need before you can implement a plan to make it happen. Focus on important family goals such as:  

• Saving money for your retirement 
• Setting aside an education fund for your children 

• Planning an international family vacation 
• Supporting aging parents 
• Moving into a bigger house to accommodate a growing family

 

Once you have your priorities, you can agree on a plan for making it work. 

 Savings that Grow  

When you’re young, you should have a higher percentage of high-growth stocks in your portfolio, but as you get older and start having kids, your goals and needs will change. You get closer to needing the money you have invested, and you don’t want to be caught during a downturn.  

Mutual funds are probably the safest way for ordinary investors to get into high-yield investments. You don’t have time to do the research necessary to successfully pick your own stocks. Let a professional do it for you.   

Balancing Your Portfolio  

In addition to making investments that can grow, you need to make sure your family is protected from factors you can’t control, such as a recession, market crash, or job loss. A startling 61% of people have lost their job for longer than a year by the time they retire, and that can cost you thousands in retirement savings as you dip in to keep up with costs. 

Investing in gold and silver bullion can protect you from some of these setbacks. Gold and silver should make up anywhere from 3-10% of your portfolio according to some financial investors. You could even go as high as 20% if you didn’t have other safe, “defensive” assets due to low bond yields. This ratio allows you to mitigate losses during tough economic times, as gold and silver prices tend to increase when markets do poorly.  

One of the most cost-effective ways to buy silver is in bar form. Higher weights can reduce costs significantly, and silver is available in weights including 1 oz, 10 oz, 1 kg, and others. Check out the 10 oz Silver Gold Bull silver bar if you want to buy at nearly spot prices. The online dealer also offers silver coins, gold, and other precious metals investments that can be delivered to your home.  

Families have big dreams and big goals. It helps when your money, your savings, and your investments are tailored to help you achieve them. If you have savings, start investing today.