How to Keep Revenge Spending From Ruining Your Retirement
The New York Times: March 6, 2023
Once the worst of the pandemic passed, some of us turned from being savers to spenders — setting...
March 10, 2023
Hello,
As we reach the three-year mark since the implementation of pandemic restrictions and lockdowns, it's worth reflecting on how your financial habits may have evolved during this time. With recent reports of "revenge spending" becoming increasingly common, it's important to consider the potential impact of impulsive purchases and the current high inflation rates on our long-term financial goals.
A recent article from The Wall St. Journal suggests taking a moment to pause and reflect before making any significant financial decisions, as even a short delay can provide the clarity needed to make a more informed choice that aligns with your overall strategy.
Ultimately, the best way to achieve your long-term financial goals is through a steady, deliberate approach, with a focus on consistent saving and a diversified investment strategy that aligns with your individual goals and preferences. A Malvern Bank associate is always available to help review and plan for your short - or long-term goals. For more information, visit one of our convenient financial centers, call 610-644-9400 or visit MyMalvernBank.com.
As always, Malvern is here to support you and answer any questions you may have as you navigate your financial journey. Start the conversation today!
Sincerely,
Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Beyond Your Expectations ™
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