«

»

Print this Post

Planning Your Family’s Future Can Be Easy With The Right Tools

Tracking Pixel
Long gone are those days when I lived carefree and did not think about the future. Now thinking about the future: how I will make sure that my daughter who has autism has the financial backup she needs and how I need to save for college for my son, is something I do all the time.  There are also my own hopes for the future: my dream is to travel when I retire and to move back to my home country of Guatemala. I have it all figured out in my mind and I have a clear image of a cottage on the shores of beautiful Lake Atitlán where I would like to spend my last years.  But for all of these things I need to work now on making the right financial decisions to ensure that I will reach those goals.  That is why I am happy to partner with  Massachusetts Mutual Life Insurance Company, although this is a sponsored post I am excited that I will be sharing with you great resources! 

Lake Atitlan in Guatemala. Photo: Paula Bendfeldt-Diaz .  All Rights Reserved.

Lake Atitlan in Guatemala. Photo: Paula Bendfeldt-Diaz . All Rights Reserved.

MassMutual is celebrating Financial Literacy Month this month by providing us with all of the resources we need to help us take small steps to better understand our finances so that we can secure a financial future and protect those who matter most to us.

Mass Mutual

Saving for the future can seem daunting but the key lies in starting small; taking baby steps to increase your financial smarts. As with everything else that you want to accomplish, identifying your short- and long-term goals is very important.  When you visit the MassMutual website you will find that they make it easy by giving you different options when it comes to those financial goals. Once you click on a specific goal you will have an array of tools, calculators, videos and articles to help increase your financial knowledge and help you reach those financial goals.

MassMutual

Creating a budget is really important, specially if you do not have a clear sense of how much you are spending and where.  Create a simple budget tracker to map out your income, expenses and any savings efforts you currently have in place. This will help identify risks and opportunities that you can address in the future. 

It’s also very important that you know how much money you will need to accomplish those financial goals you have set for yourself. How much do you have to save for college? How much do you need for retirement? MassMutual has calculators that can help you like the College Savings Calculator and the Retirement Planning Calculator

lake Atitlan view from the terrace at Villas B'alam Ya

I love traveling with my family. Here we are at Lake Atitlán in Guatemala. Photo: Paula Bendfeldt Diaz.

At home we are already teaching our children the importance of planning for the future and of saving money to achieve their goals.  Simple and fun activities can get them excited about saving for the future – like setting up a short-term savings plan with a personal piggy bank, and encouraging them to add to it when they have money to spare, from birthdays, allowances or loose change around the house. Each of our kids has a special piggy bank where they can divide the money they earn or get for their allowance into money for spending, money for saving, money for investing and money for giving back to the community.  This helps them realize that they need to be thinking of the future.

MM_NoRule100C43Y_K_R_NoTag

Make sure to check out the MassMutual website and take advantage of all the resources and tools they have available to take charge of your finances and plan for the future!

This is a sponsored post written by me on behalf of MassMutual.

About the author

Paula Bendfeldt-Diaz

Paula moved from her native Guatemala to SW Florida with her husband and two children and together they are discovering what it means to live life between two languages. Paula studied architecture who now makes a living as a freelance writer, traveler and amateur photographer. She started her writing & publishing career as the editor of Bebé y Mamá, the first parenting magazine in Guatemala. She is the founder of www.GrowingUpBilingual.com and www.365thingsswfl.com and writes articles in Spanish and English for both magazines and the web on travel, food and bicultural and bilingual parenting . When she is not on a plane or road trip she likes to create recipes inspired in the flavors of her native Guatemala.

Permanent link to this article: http://growingupbilingual.com/2015/latino-parenting/15510/

3 comments

  1. Laura Rodriguez

    Paula gracias por esta herramienta, nola conocía y me parece que todo lo que me ayude a llevar mis finanzas vale la pena investigar.
    Laura Rodriguez recently posted…El Vínculo Materno Presente En Todos Los Aspectos De La VidaMy Profile

  2. Romina Tibytt

    Muy interesante. Con niños, la necesidad de planear el futuro es una urgencia. Muy buena la información.
    Romina Tibytt recently posted…El lazo #inseparable con Mamá ¡y una sorpresa especial para ti!My Profile

  3. Diana Rodriguez - Entre Compras y El Hogar

    Gracias por compartir esta info, la verdad que uno a veces necesita aprender a utilizar las herramientas que existen, para lograr las metas!
    Diana Rodriguez – Entre Compras y El Hogar recently posted…Cuidado de La Piel y CabelloMy Profile

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

CommentLuv badge