Every other day I'm reading some article about how the average family would be screwed if they had an unexpected $500 expense. 4 out of 10 people aren't on track to retire by 65. More than 80% of people don't have $1,000 in savings.
Most people seem to be really bad with money. Trying to work with a family member who asked for some help with budgeting and investing. Curious what your 3-5 simple tips that everyone should know would be.
I guess mine would be...
1. Have an emergency fund.
2. Save 15% of your income minimum.
3. Don't be afraid of investing, your mony will wither away if it's not growing.
4. If your company offers a 401k match it's stupid not to take it.
5. Think about purchases in terms of how many hours of work that is for you.
I'm curious to hear any other good ones you guys would care to share?
Most people seem to be really bad with money. Trying to work with a family member who asked for some help with budgeting and investing. Curious what your 3-5 simple tips that everyone should know would be.
I guess mine would be...
1. Have an emergency fund.
2. Save 15% of your income minimum.
3. Don't be afraid of investing, your mony will wither away if it's not growing.
4. If your company offers a 401k match it's stupid not to take it.
5. Think about purchases in terms of how many hours of work that is for you.
I'm curious to hear any other good ones you guys would care to share?