Money Basics
Terry Savage
Every woman needs her own money!
The age that you start saving / investing will determine how much wealth you build. It is important to educate yourself. You care more about your money than anyone else.
How to Make your money grow!
- Start early to get control of your finances by setting goals.
- Don’t purchase things that you cannot afford; that means the things you don’t have the money to pay for.
- Don’t borrow money except for your education, car and/ or home.
- If you owe money on your credit card(s) pay this debt off ASAP! You can never get ahead until you pay off your credit card debt.
- Fund your 401(k) to the maximum (qualifies as savings).
- Fund your IRA to the maximum (qualifies as savings).
- Put six months’ expenses in a money market fund.
- Buy a house if you want to live in a house and you can afford it (qualifies as savings).
- Get term life insurance if you have a family to support.
- Make a will.
“…tips cover saving, spending, earning, investing, taxes, business, entrepreneurship, professional development, financial feminism and lots of other things.”