Begin Funding for Your Financial Security
An overview of financial planning geared toward young people just entering the workforce. The importance of saving for the future will be stressed, and tips on budgeting, insurance, and paying off student loans will be offered.
Before You Start
• Identify each of your long-term financial goals, including your time frame and the amount of money you'll likely need for each.
• Determine how much money you would need in an emergency savings account in order to pay for all routine expenses for three to six months.
• Review the interest rates you're paying on all credit card balances and other debt.
• Take a fresh look at the details of your health and life insurance policies.
Starting OutCongratulations! You've graduated from school and landed a job. Your salary, however, is limited, and you don't have much money (if any) left at the end of the month. So where can you find money to save? And, once you find it, where should this cash go?
Here are some ways to help free up the money you need for current expenses, financial protection, and future investments -- all without pushing the panic button.
