In this episode of Your Money Call, Diane King-Hall discusses the steep stock slide, recent economic data, budgeting tips, and retirement savings. She explains how job gains in the labor market are slowing, which rattled Wall Street. She also highlights conflicting signs in the economy, such as positive GDP growth but weaker data points in manufacturing. King Hall emphasizes the importance of budgeting and offers tips on creating a budget, including using the 50-30-20 rule. She also discusses retirement savings and encourages listeners to contribute to their 401(k) or IRA, even if they are paying off debt.
Takeaways
*This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney.
