Budgeting/Saving

Worry and concern about money can really stress us out. It can prevent us from operating at our best, lead to health and relationship issues, it can even distract us to the point of jeopardizing our safety at work. Paying the bills, saving for emergencies, planning for retirement, or just having enough to go have some fun, financial wellness is tough and overwhelming.

 
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How Can You Boost Your Own Financial Security? Here are a few simple steps:

  1. Save as much as you can! Rethink your priorities and only buy what you need.

  2. Build an emergency fund. Aim for at least three months’ income.

  3. Make a budget. Get a realistic picture of your income and see where you can trim expenses.

  4. Think long-term. The sooner you start, the more time your money will have to grow.

  5. Choose cash over credit. Only charge what you can afford to pay for, in full, when the bill is due.

Sixty-three percent of people don’t have a deep enough rainy-day fund to cover a $500 emergency. (Source McGrath, Maggie, “63% of Americans Don’t Have Enough Savings to Cover a $500 Emergency,” 2016)


Sixty-three percent of people don’t have a deep enough rainy-day fund to cover a $500 emergency.
(Source McGrath, Maggie, “63% of Americans Don’t Have Enough Savings to Cover a $500 Emergency,” 2016)

Did you know that one-third of Americans pay the minimum due on their credit card each month? (FINRA’s National Financial Capability Study)

Did you know that one-third of Americans pay the minimum due on their credit card each month?
(FINRA’s National Financial Capability Study)

Only 24 percent of millennial’s demonstrate basic financial literacy (National Endowment for Financial Education)


Only 24 percent of millennial’s demonstrate basic financial literacy
(National Endowment for Financial Education)

Check out these videos and articles for more great information.