1. Emergency Fund — Do you have emergency funds on hand or do you rely upon credit cards to see you through rough patches? Credit cards are very costly and a reactive way to handle life’s many challenges. Begin to saving every pay period to get this fund replenished…or started!
  2. Your Retirement — You may not have enough cash at the moment, but putting aside money each week in a growth account can give you something to live on besides Social Security.
  3. Vacation Fund —  2 weeks on a Caribbean Island, Baja California, Paris or Tokyo are an expensive dream for some people. Put it on your calendar for 2014 and start saving for your ideal vacation today. Want to take a pricey safari junket? Add a few more years out and put more money aside each week to help you save right now.
  4. Fun Fund — Everyone needs a little bit of “fun money” to spend on things they normally wouldn’t buy for themselves at various times of the year. With money put in a dedicated account for that purpose, you can tap it guilt-free without thinking you’ve done something wrong.

 

1. Emergency Fund — Do you have emergency funds on hand or do you rely upon plastic to see you through rough patches? Credit cards are costly and a reactive way to handle life’s many challenges including an unexpected repair bill, a trip to the emergency room, a death in the family, and more. Begin to squirrel away a few dollars each pay period to get this fund replenished…or started!