Part 2 — Budgeting and First Steps to becoming Financially Aware

Step 0 — Budget & reduce expenses, set realistic goals


Prioritize your Expenses

Step 1 — Build an emergency fund

Save for Emergencies

Step 2 — Employer-sponsored matching funds [a.k.a. free money]

Take advantage of your employer’s free money

Step 3 — Pay down high/moderate interest debts

High Interest Debt

Increase your Emergency Fund to 3–6 Months Living Expenses

Step 4— Savings for retirement in an IRA & higher education expenses

Consider contributing to a Roth or Traditional IRA

Expecting Large Required Purchases or Expenses?

Step 5 — Saving even more for retirement

Step 6 — Save for other goals & advanced methods

Health Savings Account

Do you have kids?

Want to retire early?

Immediate goals

“How do you do it?”

Step 0

Step 1

Step 2

Step 3

Step 4 and Step 5


From San Juan, Puerto Rico. Graduated from Columbia University in Dec 2019 and joined LinkedIn right after. Currently working from home in Los Angeles.

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