COLORADO SPRINGS, Colo. (KKTV) – After over a week of uncertainty in the stock market, the New York Stock Exchange ended in a positive territory Friday.
11 News spoke with a financial expert who said regardless of what’s going on in the stock market, the best thing you can do financially is stay calm and focus on your habits instead of the headlines.
While those just starting their careers should take more financial risks, those looking to retire in a few years should maximize their benefits and their 401K matching.
Bree Shellito, a director of financial well-being at ENT Credit Union, told 11 News that your spending and saving habits evolve as you age, and that your saving and spending should align with your values and goals.
April is Financial Literacy Month, and Shellito said this is a great time to reflect on your spending habits and address any changes that need to be made.
“As things adjust, as your family grows or changes, those are things that we wanna make sure we’re adjusting for as well, so we wanna have more potentially put away for emergencies,” Shellito said, ”If we aren’t making a plan for our money, then that money is just going a lot of different places, maybe not even the things that we care about, so making sure it aligns with our values is huge.”
Shellito also emphasized the importance of maximizing employee benefits and your 401K and not leaving any money on the table behind.
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