Best Personal Finance Advice to Know

No matter what your situation is, your financial success doesn’t happen without work. Careful planning, often with professional guidance, requires looking at a wide range of your finances and how you handle money.

Evaluate Your Monthly Budget

Track your monthly income and expenses. Break your expenses into fixed or non-discretionary and variable or discretionary costs by category on an excel spreadsheet. Think of your budget as your household’s income statement. Your budget will help you to control your spending.

Update Your Net Worth

The fastest way to build wealth is through good financial habits that require saving, spending less, managing debt wisely, and investing.

This money is for emergency purposes, not necessarily your wants for a high-priced vacation.

Build An Emergency Fund

Growing your money in investment accounts is your best path to a comfortable financial life and achieving wealth. Alternatively, spending more than you earn will result in more debt.

Make Savings Your Mantra

Growing your money in investment accounts is your best path to a comfortable financial life and achieving wealth.

Start College Savings Planning Early

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