It’s Never too Early to Start a Plan with These Steps

  • Begin with the end in mind!
  • Understand your paycheck.
  • Create a budget. Separate your needs from wants and live within your means.
  • Start saving monthly for the unexpected.
  • Master the concept of compounding.
  • Sign up for your employer’s 401(k) or 403(b) plan to earn the match.
  • Get insured!  Protect your family with life insurance and 60% of your income in disability insurance.
  • Aim for a credit score of 760 or higher, and pay your bills on time.
  • Develop saving goals from short term (house, wedding) and long term (retirement, children’s education).
  • Stick to the plan and keep your eyes on the goal!