Do finances seem overwhelming? Check out our simple “Financial Essentials” book to find out the basics of personal finance
Learn about important financial topics such as:
Creating Plans, Budgets, and Tracking Them
Creating plans, managing budgets, deferring spending to a later date, analyzing choices, and working within constraints is an important part of being financially aware and confident.
Knowing How to Manage Credit
A credit score is used by many institutions to make many financial and loan decisions, and having a credit card that is managed well is an essential aspect of modern financial life.
Saving for the Emergency Fund
This is an essential “peace of mind” part of your financial situation. Saving to this account is the first order of business. Anyone can get a large car repair bill, or an unexpected medical expense, or be laid off and need to have cash available immediately.
Investing Regularly
Getting on a schedule where you either direct deposit or otherwise allocate some money for investing regularly is a key component to a future of financial abundance. As soon as your emergency account is fully funded, then continue to put away money at the same rate to a savings or investment fund.
Retirement Planning
Putting away at least some money for retirement early, so that your deposited money compounds over a long period of time, is highly beneficial.
Setting Up Proper Legalities to Prepare for Life Events
These include medical and financial power of attorneys, and a simple will. A Trust can be established which addresses all of these needs.
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