Educational Article

Why Get Your Finances in Order?

A strong financial future starts with you and a few simple steps.

couple on a dock looking out at the scenery

The short answer is your future self will thank you!

Whether it’s managing day-to-day expenses, handling a financial emergency, or taking a chance to pursue your life’s passion, the one thing that can help you across the board is practicing healthy financial habits.

Deploying a strong financial game plan is important for several reasons, including:

Ensure monthly expenses are met, which can reduce the stress of living from paycheck to paycheck.
Manage and reduce debt.
Build savings and invest for the future.
Fund major life events such as buying a house, paying for a wedding, or retiring on your terms.
Build wealth, financially protect loved ones, and plan for future generations.

The Elements of Financial Empowerment

Learn more about the elements of financial empowerment using the wheel below or keep scrolling.

Have a Financial Game Plan

Assess where you are financially and identify goals so you can chart a path to success.

Take the Assessment

Spend Less Than You Earn

Track your spending and financial resources. If you can’t afford a “fun” purchase upfront, try to save for it instead of financing it.

Read the Budgeting Guide

Save for Emergencies

Start an emergency fund and stress less knowing you can afford surprises that pop up. Unexpected expenses are not a matter of if, but when.

Read the Savings Guide

Use Debt Responsibly

Know how to use debt in ways that help your credit score and protect your financial future.

Explore Credit & Debt

Protect Your Life, Loved Ones, and Possessions

Safeguard your assets and establish financial protections for the people you love.

Explore Insurance & Protection

Save and Invest For Your Future

Learn smart ways to save and invest now for a comfortable retirement down the line.

Explore Investing & Retirement

Prepare Your Legal Documents

Secure your financial legacy by documenting those important decisions.

Read the Legal Documents Guide

1. Have a Financial Game Plan

You can set yourself up for the fulfillment and peace of mind that comes with financial freedom. Start by assessing where you are financially and identifying your goals so you can chart a path to success.

2. Spend Less than You Earn

Spending less than you earn might sound difficult, but it’s easier than you think. There are tools to help you track your spending and resources to help you understand the implications of your financial decisions. With a little patience, you can afford the things you want without the stress.

3. Save for Emergencies

We all face unexpected expenses and emergencies are a part of life, from car repairs to natural disasters. We have tools and tips that can help you save. Gain peace of mind knowing you can pay for unexpected expenses whenever they pop up.

4. Use Debt Responsibly

Sometimes we use debt to pay for large purchases. Sometimes we just aren’t prepared to pay cash for something we need. Either way, learn how to be responsible with debt to enjoy the advantages of having a good credit score.

5. Protect Your Life, Loved Ones, and Possessions

Financial empowerment is not just about financial transactions. You need to protect the assets you have including your life, loved ones, and possessions.

6. Save and Invest For Your Future

While it’s important to get your finances in order NOW, you should also prepare for your future. Learn more about ways to save and invest so you can look forward to a comfy retirement and the freedom to live on your terms.

7. Prepare Your Legal Documents

Have you thought about what you want your legacy to be? Learn about the documents needed to help you make important decisions now so you can leave a legacy for your loved ones and favorite causes.