1
2
3
Consider valuable non-monetary compensation like additional time off.
Look through your benefits information and see if your company offers a 401(k); it’s designed to help you save for retirement.
Schedule automatic transfers to savings or retirement accounts. Even if you start small, building the habit pays off over time.
4
5
6
A separate emergency fund could help you protect your savings. It should hold enough for 3 to 6 months of essential expenses, like food and rent.
Paying bills on time and in full are two keys to a high credit score. Also important: Apply only for credit you need and avoid maxing out your cards.
Celebrate raises and create a rewarding plan for them. For example: Use your pay bump to save for a down payment on a home.
This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs® but may not reflect the institutional opinions of Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.
1
Consider valuable non-monetary compensation like additional time off.
2
Look through your benefits information and see if your company offers a 401(k); it’s designed to help you save for retirement.
3
Schedule automatic transfers to savings or retirement accounts. Even if you start small, building the habit pays off over time.
4
A separate emergency fund could help you protect your savings. It should hold enough for 3 to 6 months of essential expenses, like food and rent.
5
Paying bills on time and in full are two keys to a high credit score. Also important: Apply only for credit you need and avoid maxing out your cards.
6
Celebrate raises and create a rewarding plan for them. For example: Use your pay bump to save for a down payment on a home.
of Americans first learned about managing their finances once they started working.
The Consumer Sentiment Survey was conducted by Marcus by Goldman Sachs in March 2021 among 1,501 Americans. Savings accounts defined as savings accounts, certificates of deposit (CDs) and money market accounts.
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