BUDGETING HABITS
☐ Track income and expenses monthly (use apps, spreadsheets, or bank tools).
☐ Set spending limits in key categories (housing, dining, entertainment).
☐ Apply the 50/30/20 rule as a baseline, adjusting for your goals.
☐ Review your budget quarterly to account for inflation and lifestyle changes.
☐ Cancel or renegotiate unused or overpriced subscriptions and services.
SAVING HABITS
☐ Build an emergency fund with 3–6 months of essential expenses.
☐ Automate savings to retirement accounts, IRAs, or other vehicles.
☐ Increase contributions when you get raises or bonuses.
☐ Set short-term savings goals (vacations, home projects, big purchases).
☐ Diversify savings: keep some liquid and some invested for growth.
CREDIT HABITS
☐ Pay your credit card balance in full each month to avoid interest.
☐ Keep credit utilization below 30% of your total available limit.
☐ Check your credit report annually for errors or fraud.
☐ Avoid opening too many new accounts at once as this can lower your score.
☐ Use credit strategically: for rewards, protection, and building history.
AGE-BASED FINANCIAL PRIORITIES
- 20s–30s: Build credit responsibly, tackle student loans, and start saving early.
- 40s–50s: Maximize retirement contributions, strengthen emergency funds, and reduce high-interest debt.
- 60s+: Protect assets, manage healthcare costs, and review estate plans.
LONG-TERM GUIDANCE
☐ Meet with a financial professional to review and adjust your plan.
☐ Align your budget and savings habits with long-term goals like retirement, homeownership, or legacy planning.
☐ Celebrate milestones and acknowledge progress to stay motivated!
Important Disclosures:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Prepared by LPL Marketing Solutions
LPL Tracking #813189
