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
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