Tips on Saving Money

HAVE AN EMERGENCY FUND

 Most economists suggest putting aside 3-6 months of living expenses. Even for those with healthy reserves, monitor your investment accounts and continue to save.

TRACK YOUR SPENDING

Consider cutting back on non-critical spending and keeping those cost savings in place for a while to help build up your reserves. Make consistent, timely payments to help maintain a good credit score. 

TAKE FINANCIAL INVENTORY

Locate key financial documents to keep accurate records and have more than one copy. Examples: estate-planning files, bank information, brokerage and retirement accounts, as well as insurance policies, mortgage information, business records, and more.