Amica Expert Shares Strategic Budgeting and Insurance Tips to Manage Debt

Amica Insurance's assistant vice president Bryanca Colvin shares insight on managing personal debt, drawing from her experience balancing education expenses and living costs. Colvin highlights the importance of distinguishing between essential expenses such as housing and transportation, versus discretionary spending like vacations and entertainment. She advocates for honest budgeting that prioritizes needs while allowing for controlled enjoyment of wants within financial limits. Colvin also emphasizes the significance of preparation for unexpected costs by maintaining adequate insurance coverage, tailored to individual needs through careful plan selection. This approach underscores a strategic balance between financial discipline and quality of life, relevant to consumers navigating debt and insurance decisions. Amica Insurance offers resources and guidance to assist individuals in selecting appropriate insurance plans aligned with their financial goals.