3 Smart Money Moves To Make This Week

In today’s post we we are going to share 3 Smart Money Moves you can make this week (or at least very soon) that will help you win the money game.

While we are keeping the list short and sweet, we believe you’ll be very happy with where these moves will land you financially speaking.

Let’s begin.

1. Add To Or Plan Out Your Emergency Fund

Not having a emergency fund is a emergency in and of itself.

We recommend having at least $1000 in your emergency fund. This will serve as a decent buffer against many of the things life could throw at you.

If you want even more financial security, aim for a higher goal of 3 months of expenses saved up in a emergency fund.

Lastly if you want life-changing peace of mind with finances, aim for 6-12 months of expenses saved up. It’s a lofty goal, but it will remove a incredible amount of money-related stress in your life.

2. Automate Deposits Into Your Savings and Investment Accounts

Automation is a modern marvel, and one that should be utilized by all.

This has truly been a game changer in my personal finances as I automatically invest in several areas:

• Roth IRA
• Wealthfront Investment Account
• Employer 401K

These are things I “set and forget”.

I select a reasonable amount that I’m comfortable not “taking home” in my weekly checks, and choose to put that in a place where it can grow.

Pro Tip: The amount doesn’t have to big large (relatively speaking) but it does needs to be something you can consistently do every week, every month, etc.

3. Take Your Employer’s 401K Match

401k’s are retirement accounts offered by employers.

They offer their employees the option to invest part of each paycheck for them, and many employers offer what is called “Employee Match”.

Typically, employers match a percentage of employee contributions up to a specific portion of the total salary.

Occasionally, employers may elect to match employee contributions up to a certain dollar amount, regardless of employee compensation.

A 401K that is invested in early, consistently, and over a significant duration will set you up nicely for a great financial future.

Don’t neglect to invest in your 401k up to the exact amount your employer will match.

Doing anything less is leaving free money on the table.

Conclusion

We hope you have found today’s post helpful.

These are 3 simple money moves you can make that will greatly improve your finances.

Always remember that being wise with your money is the key to having enduring wealth.

Wisdom is the ability to use knowledge in the right way.

Until next time, yall have a good one.

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Posted By: Jeffrey Chark · In: Smart Money