Before the month ends, lets make sure our savings accounts are in order.
Build your savings.
One thing we haven't touched on yet is the need to save. The decisions we make with our money shouldn't be solely based on current income and expenses. It's important to forecast future earnings and anticipate future expenses and how they may change. As such, it's imperative that we start preparing as best we can now. It's a good idea to have an emergency fund with 4 to 6 months worth of living expenses, should you suddenly find yourself without employment. If you're already there (and don't get discouraged if you're not; many of us aren't!) simply continue to put away little-by-little each month. This is particularly important if you're living paycheck to paycheck. If you automatically send funds to a savings account, you won't be able to spend them, and chances are you won't miss that $10-$20 a month. That will allow you to indulge in big-ticket luxury items when the time is right, or invest in a car or house. Beyond that, saving for retirement is extremely important, and you will probably earn tax benefits from doing it. Remember, you can't make enough and you can't save enough. Start today.
Vote here on your favorite financial fitness project. The submission with the most votes will win $500.