Articles

Build financial strength through small habits

Bree Jackson

Build your emergency fund before you need it.
Unexpected expenses rarely arrive at a convenient time. Bree recommends setting aside a small amount from every paycheck to gradually build an emergency fund. Even if you can't save a large amount right away, consistency is what matters most.

Create a budget around what matters to you.
A budget doesn't mean giving up everything you enjoy. Instead, Bree encourages thinking of a budget as a way to intentionally direct your money toward the things that are most important to you. Understanding what's coming in, what's going out, and what you're working toward can make financial decisions easier.

Focus on progress instead of perfection.
Small financial habits can add up to meaningful results. Saving a little more, making an extra payment toward debt, or gradually increasing your retirement contribution can all move you in the right direction.

"Financial wellness looks different for everyone," Bree says. "Taking small, consistent steps can create meaningful results."

Give your money a clear direction

Ting Anthes

Set specific and realistic financial goals.
Whether you're saving for a large purchase, paying down debt, building an emergency fund, or preparing for retirement, Ting recommends starting with goals that fit your individual needs. From there, track your income and expenses so you understand where your money is going and can make adjustments along the way.

Build good credit habits early.
Credit can be a valuable financial tool when used responsibly. Ting recommends building credit carefully by paying bills on time and avoiding borrowing for things you can't comfortably afford.

Protect yourself and your finances.
Financial wellness is also about protecting what you've built. Be cautious of financial scams and any products or offers you don't fully understand. If something feels unclear or too good to be true, take the time to research it, or ask someone you trust, before moving forward.

Plan ahead for retirement and unexpected expenses

Lacey Braswell

Start saving for retirement as early as you can.
Lacey encourages taking advantage of your employer's retirement plan, especially if an employer match is available. Starting early gives your savings more time to grow.

One simple way to increase your savings gradually — without disrupting your budget — is to revisit your contribution rate each time you receive a raise.

"Each time you're given a raise, consider increasing your retirement contribution by half of the raise," Lacey says.

Review your auto insurance regularly.
Insurance is another expense worth revisiting from time to time. Shopping around and comparing policies can help ensure you're getting appropriate coverage at a competitive price.

Lacey also recommends comparing premiums across different deductible options. If raising your deductible lowers your premium, consider setting aside those savings so you're prepared to cover the higher deductible if you ever need to file a claim.