Eight Simple Steps to Reduce Your Financial Anxiety

Simplify your finances with these steps to take control of your financial future.

  1. Have your paycheck or government check deposited directly into your account.
  2. Establish a regular savings program by having a set amount transferred into some type of savings account each paycheck.
  3. Have your auto loan and credit card payments automatically made from your account.
  4. Establish a home equity or personal line of credit to be available for unexpected expenses.
  5. Set up a "dollar cost averaging" purchasing program for mutual funds.
  6. Save for a child's college education with an automatic transfer into a special savings account.
  7. Review your 401(k) elections to make sure you are taking full advantage of the program.
  8. Commit to having a financial review, including your estate plan and investment strategy, over the next three months.

With these eight steps you can make your daily financial life less stressful and have the peace of mind knowing you are doing the right things for your overall financial picture.

This information has been provided by Financial Wisdom Marketing Services, Inc. and is for educational purposes only.  Content from Financial Wisdom and/or Redwood Credit Union is not, in any way, intended to provide legal, tax, or financial advice.