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Financial Tip

One of the best ways to stay on track to financial independence is to have a spending plan. Here's a quick overview of the steps you can take to set up your own:

1. Gather documents and receipts showing earnings and expenses.
2. Total your net monthly earnings. 
3. Total monthly expenses, including money you put into your savings. 
4. Subtract monthly expenses from earnings.
5. Rework your spending plan until it comes out on the plus side - including setting aside money on a regular basis for your long-term goals.
6. Invest in yourself by reviewing and adjusting the plan each month so you can stay on track to reach your long-term financial goals.

Saving

An important step toward financial independence is identifying short term and in the long term goals, then creating a financial plan to achieve those goals.

Saving money for college

Saving is important to help accomplish short term goals, it creates a cash reserve should a large and urgent expense arises. In the Saving section, you will find information to help you identify ways to build and sustain good saving habits.