Save for Rainy Days

Saving for your golden years is certainly necessary throughout your career but this doesn’t mean you shouldn’t try to put some money aside for emergencies. Separately from the retirement funds, that is. This way, you’ll be able to stay away from using your day-to-day funds or long-term investments in case an emergency occurs down the line.

A Place for Mom reader, Sandy B., recommends: “Always save a portion of your paycheck because a rainy day is sure to come.” Extra tip: Put some money aside when you get your paycheck to make sure you don’t spend it before you start saving.