Download a Personal Financial Management App: Consider a free personal financial management app like Clarity Money, which monitors recurring expenses and helps users cancel unwanted subscriptions.
Review Your Credit Score: Knowing your credit score is an essential benchmark and improving it can help long-term financial planning.
Create Your Emergency Fund: Know how much to set aside for unplanned life moments, to help protect you from surprise costs and their impact on your financial future.
Check Your Retirement Funds: Familiarize yourself with your company’s 401K offering. See if they have a matching program and check what your contributions are to your 401K.
Open a High-Yield Online Savings Account: Learn the annual percentage yield (APY) on your savings account and then compare your rate to those offered by other banks to see how much more you could be earning. For example, a high-yield Online Savings Account from Marcus by Goldman Sachs earns four times (4X) the national average with a rate of 2.25 percent, which might be significantly higher than your current rate. With no minimum balance needed to start earning the rate, this is an easy way to begin growing your savings with the cash you already have in your account.