Information is great. But taking small steps now can lead to big changes.
TODAY
Track your income and spending to see where your money is coming from and where it is going.
NEXT WEEK
Prioritize your expenses. If you have job, your first priority should be those expenses that help you keep that job. Then make sure your basic needs are covered.
It is difficult to commit to a savings regimen without a goal. A SMART goal and a plan can help you set a savings goal.
IN THE NEXT FEW MONTHS
Pay yourself first. Once you have determined your monthly savings goal, contact your employer to update your direct deposit allocation.
Consider setting up an automatic monthly transfer from your checking account to your savings to build savings.
If you don’t have an account at a bank or credit union, explore whether opening an account could help you better manage your money and save for your goals.
