Some Financial Basics

If you’ve done your review of your 2007 spending, here are some items that you should see in the year’s finances.  (All of these assume you’re still in the work force.)

 

         You saved at least 10% of what you made.

         You have at least 10% of your pre-tax, pre-deductions annual earnings in savings. 

         You’ve funded retirement accounts.

         You didn’t spend more than you make, so you pay your credit cards off each month.

 

Give yourself a grade on each of these.  In the next posting we’ll look at how you can prepare for next year.

 

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