Saving Tips
Have a financial plan with savings and debt management goals.
Don't rely on financial windfalls from gambling or winning the lottery.
No payday loan, a car title loan, or other high-cost debt.
No credit card debt is debt increasing.
In addition, no credit card debt or unpaid monthly balances.
Affordable (or no) car and student loan debt payments.
Save a portion of your income.
In addition, save at least 5% of your income.
Have an emergency fund to cover $500 of unexpected expenses.
In addition, have enough in an emergency fund to cover three months of regular expenditures.
At work, contribute regularly to a retirement account.
Outside work, contribute regularly to an account for retirement.
Outside work, make these or other savings deposits automatically.
Own home with affordable (or no) mortgage payments.
Own home and expect to pay off the mortgage before retirement
