We all know we should do more to improve our financial fitness: save a little more, create a budget (and, more importantly, stick to it!) and plan for retirement. We understand that getting started can be a little scary, so we’re here with some helpful tips to get you on the path to financial success!
PAY YOURSELF FIRST.
This is a big one. Each and every time you get a paycheck, put some aside before spending any of it. Even if it’s as little as $1. You’ll be surprised how quickly that $1 will add up! This is the easiest way to save, and it’s completely flexible. You decide how much to put aside. Another simple way to save? Collect your spare change. Any time you have some loose coins in your pocket, put it in a jar. You’ll be surprised how quickly that jar will fill up!
SET A BUDGET…AND STICK TO IT!
Budgets can be a daunting task, but don’t lose hope! There are plenty of free, online budget guides that can help, like this one from Quicken. The key to having a successful budget is to stick to it. A good idea is to make sure you’ve got some extra that can be used for emergencies, or just plain fun!
TALK TO A FINANCIAL ADVISER ABOUT RETIREMENT.
Retirement may be right around the corner or years away. It’s never too late (or too early) to start preparing for it. A financial adviser can help you set up retirement accounts and figure out a plan that fits your current lifestyle as well as the lifestyle you want in your golden years. Visit your local credit union; they may be able to help get you started!
These three simple steps will help you get on the path to financial fitness! That wasn’t so bad was it?