Pro tip: Put your emergency fund in an account outside of your regular bank. You’re less likely to dip into your savings if you’re not routinely seeing your balance.
Set it and forget it so that you can reach an amount equal to three months of living expenses. This will help safeguard against job loss and other emergencies.
Pro tip: Get a better picture of ways to cut spending and increase savings by talking with one of our financial professionals.
Begin saving for retirement as early as possible in a tax-advantaged account (401(k) or IRA, for example). Always take full advantage of your employer match and work towards saving 15% of your pre-tax income.
Pro tip: Make sure you’re not overpaying in management or mutual fund fees. Read the fine print so that you’re aware of how fees add up.