Eight Savings Fundamentals
Where should you put your money first?
You may have several savings goals. Where should you start? Here’s a way to prioritize goals that can make saving seem more manageable.
We recommend that you start with these 4 savings fundamentals and complete them in order.
Once you have a handle on the first 4 fundamentals, move on to the last 4 and complete them according to your personal financial priorities.
Save for the down payment on a home. If you’ve mastered Savings Fundamentals 1 through 4 and your personal circumstances are right for buying a home, start saving for a down payment.
Keep investing. To stay ahead of inflation, your money needs to earn more than many traditional savings accounts pay. The first step to long-term investing success is to get going right away.
The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager.