Using the AfroEconomics Financial Tracking System. Goals. Plan. Process. Procedures. Accountability. Research from Schwab shows that three in five Americans live paycheck to paycheck and that only one in four have a written financial plan, but those who do plan exhibit positive investing and saving behavior.
The research reveals that having a written financial plan can lead to better daily money behaviors. “Planners” are more likely to have a higher overall Modern Wealth Index score, be regular savers, and effectively manage their debt. Aired 01-22-2020