5 Ways to Improve Your Finances This Summer
New Orleans Firemen's Federal Credit Union | July 19, 2023
5 Ways to Improve Your Finances This Summer
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Review your finances
Take a good look at your income, expenses, debt and financial goals.
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Build a budget
List all your income and expenses, and assign a dollar amount to each category. Be sure to incorporate savings into your budget.
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Prioritize debt repayment
Make a plan to get rid of your debt for good. Choose the debt with the smallest balance, or the highest interest, and maximize payments until you pay it off. Then, move on to the next debt.
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Start an emergency fund
Do you have what it takes to get through a small financial emergency? If not, start building your emergency fund this summer, aiming to save up 3-6 months’ worth of expenses.
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Broaden your financial knowledge
Read a personal finance book, listen to a money-themed podcast or take a course on money management at a local institution.
