April is National Financial Literacy Month, but any time of year is a good time to discuss finances. 学习 how to help improve your financial literacy 和 increase your savings with these tips 和 strategies.
It’s sometimes daunting just thinking about managing money. So, what can we do to start planning a more secure future? There are several proven, practical steps that almost anyone can take to start putting personal finances in order:
It’s important to save at least six to eight months of living expenses 和 keep it someplace safe 和 accessible. If you’re having trouble getting started, you can automate the process by having your bank transfer money on a regular basis from your checking account to your savings account. In most cases, there's no cost for this service, 和 you can start with as little as $25 a month.
Since your income potential is probably your greatest asset, be sure to protect it with life, 健康, 和, possibly, disability insurance. That way, if something unfortunate happens during your prime earning years, you or your loved ones will be financially protected.
1Accessing cash value will reduce the death benefit 和 available cash surrender value.