Stellar Snippets
Improving your financial state is always a work-in-progress. Here are 8 ways you can work on bettering yourself.
1. Review your employer benefits: Apart from salary, you qualify for perks like spending arrangements FSA and HSA.
2. Update your account beneficiaries: Review retirement accounts and insurance policies at least once a year.
3. Check your W-4: This dictates how much in taxes your employer withholds. Adjust accordingly to get more pay.
4. Get a life insurance policy: If you have a dependent on your income, consider getting one to provide for them.
5. Review your FDIC insurance coverage: This protects up to $250,000 of your deposits in your bank.
6. Check social security statements: Keep track of any benefits you qualify for, including retirement and disability.
7. Set one big financial goal for the year: Focus on building financial success in your plan. Save for your future.
8. Take a no-spend break: A one month break will help you trim your lifestyle expenses and save money.