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BUDGETING & SAVINGS

Ways to Manage Money More Effectively.

Assess Your Financial Situation

One of the best ways to manage your money is to have a clear sense of how much you have coming in and going out each month.

Set Financial Goals

Next, it’s time to think about your goals for the year ahead. Are you hoping to increase your emergency savings or set aside more in your 401(k)?

Establish a Manageable Budget

This should take into account your regular monthly expenses (such as housing and transportation) as well as additional expenses including hobbies and entertainment.

Automate Your Savings

You can do this by setting up a recurring transfer from your checking account to your savings account or increasing the contributions to your 401(k) or IRA.

Pay Off Existing Debt

Making a plan to pay off your outstanding debt is another important opportunity to improve your finances.

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