Financial Planning Made Easy

Verna Haskins Denny helps people realize their dreams. The native New Yorker, a financial advisor with the American Express Corporation, develops financial plans for individuals from all walks of life. "I work with my clients to create a financial plan that will let them accomplish their goals, whether it be buying a house or investing in a retirement account," she says. "I help them become financially stronger."

Formerly a teacher and researcher in adult literacy, Denny has been working in the field of financial planning since the mid-90s. During her career, she has helped her clients manage a variety of financial situations, from lowering their taxes to saving for a car. Although many people think they don’t make enough money to have a financial plan, it’s simply not true, according to Denny. "Saving and budgeting money for specific goals can be done by everyone, no matter how much or little they earn."

Denny says there are a few basic things you can do to improve your financial health. First, try to put aside enough money to cover at least three months expenses for emergencies. This will prevent having to rely on credit cards if something unexpected comes up. Second, begin saving for retirement. It’s never too early or too late. And take advantage of any pension or retirement plans offered by your employer. Third, save money regularly. "It doesn’t matter if it’s only $5 or $10 per month," Denny says. Saving money consistently over time will add up.

Other things to think about are making sure to get adequate health, home, auto, and disability insurance and other kinds of financial protection. Above all, don’t forget to make a will. This is especially important if you have children, Denny explains. "You want to know that your wishes can be followed after you’re gone."