The end result of your financial plan should be systematic investment. Get in the habit of saving money. Build an emergency fund in a money market account so you don’t have to raid the rest of your savings and investments when an unexpected major expense arises.
Make a point of saving at least half of every pay raise.
Look into your savings options so you are sure you’re getting the best return on what you put in. Open a savings account or CD with good rates. Think about your retirement fund. Work toward maxing out your 401(k) and then putting any additional funds into a traditional or Roth IRA.
Diversification of your savings can be the most important key in getting the most out of what you are able to save.
No comments:
Post a Comment