Spending Plan

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Twelve Reasons to have a Spending Plan

A spending plan is a key part of achieving your financial goals. It is basically a budget that helps you get what you want by figuring out how to go about getting it. A spending plan is a positive step that can help you:

1. Show where your money goes.

2. Set aside more money for saving and investment.

3. Make a decision about quitting work, moving, building a house or having a baby.

4. Prepare for hard times or unexpected expenses.

5. Make better use of your money during good times.

6. Help the family focus on common goals.

7. Have money for the things you want to buy.

8. Get out of debt.

9. Live on your income — not beyond it.

10. Prepare for big expenses such as college, a new house or a major vacation.

11. Retool your life after losing a job, losing a spouse or becoming too ill to work.

12. Determine the minimum income you can live on in case there’s a cut or interruption of pay.

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Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.