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Basic Savings and Financial Planning Tips

  • Get organized. Gather all important financially-related documents in a central location that is equally accessible to both partners.
  • Set goals. Decide what you want to do with your money. Do you want to pay off debt/student loans? Buy a house? Save for a new car or additional education?  Write down your goals and your strategy for achieving these goals. Make a budget.
  • How much should you save and/or invest? Save at least 15% of every dime you earn beginning with your first job. The older you are, the higher the percentage has to go unless you think you can work forever!
  • Track your spending and pay yourself first. Write down where you are spending your money. Commit to putting a good bit of your hard-earned money into a savings account and re-route some of your spending to a savings account: pay yourself first for a secure financial future.
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