Early Career (In Your 20s)

Build a Strong Foundation

• Cover basic expenses before splurges (living expenses, health insurance, etc.)

• Start an Emergency Fund; add to it each month (savings to cover 6 months of your expenses)

• Use a spending plan/budget to track expenses and create good habits

• Create short-term and long-term financial goals (get help from your bank or Empower)

• Understand your credit score and what affects it, and work to maintain or improve it

• Contribute at least 5% of your salary to your 401(k) to maximize the ColonialWebb match

• If you rent an apartment, keep a renter’s insurance policy

• Consider short-term and/or long-term disability income insurance