A simple and trusted guide to help you handle your money and reach your financial goals.
Inspired by 'The Flowchart' from /r/PersonalFinance.
Here are the six steps, in order, to set yourself up for financial success.
Build your 3 - 6 month emergency fund for any unplanned expenses that arise.
If available, make sure you are contributing enough to your 401k to get the employer match.
Put money towards any high-interest debt using the `Snowball` or `Avalanche` methods.
You can invest up to $6,000 per year in a tax-advantaged retirement account.
Increase your contributions to save at least 15% of your income towards retirement.
Set aside savings for education, buying a home, or planning a vacation.