Spending & Budgeting

Dynamic believes in the old adage of paying yourself first. But, we are also realistic and we know that it takes a lot of discipline to institute this. Through the use of Electronic Funds Transfers (EFTs) using Automated Clearing House (ACH) arrangements, we can help you set up an automatic method of accomplishing your savings goals. Although it's never fail-safe, we've found that when putting money into savings happens automatically, many people find that they don't even notice that they're spending less and saving more. We can also recommend several account aggregation and budgeting tools, providing ready access to your financial information. It's difficult to manage something when you can't measure it. Tools such as these can help you get a handle on where you're spending most of your money. Some expenses that you think are small can have a dramatic effect on the amount of savings when added up over several years. For example, eliminating a $3 latte each morning can amount to almost $70,000 more during your retirement if you invest that money instead.*

*Assumes that $3 is saved every day for 20 years, 365 days per year at a 10% rate of return and reinvestment of interest.