As April kicks off Financial Literacy Month, it’s a great reminder to take the time to learn more about managing your finances and working to improve them to make it easier to achieve your goals. Financial literacy isn’t only about planning for retirement, it’s about managing all financial aspects of your life.
Start by assessing your current situation to develop a plan. Do you budget regularly? Do you have emergency savings for an unexpected, urgent expense?
- Create your Financial Plan – Take a look at your financial and retirement goals.
- Develop A Budget – After creating your financial plan, set it into motion with a monthly budget and do your best to stick to it.
- Create an Emergency Savings – If you don’t already have an emergency savings for those unexpected expenses, make this a priority to save 3-6 months worth of income.
- Tackle your Debt – It can be overwhelming but strategies like the Snowball or Avalanche methods can make it more achievable
- Contribute Money Into Retirement and Savings – Preparing for retirement is an important part of your financial plan. Start saving today to prepare for your future.
Navigating financial matters can be challenging. The University partners with TIAA and CAPTRUST to provide resources such as one-on-one meetings with financial consultants, live and on-demand webinars, and various articles covering a variety of topics.
