We all know we should be spending less money than we make and building up savings, but there are a lot of different types of savings. How do you know what should be a priority?
Saving money is great, but you want to be saving money in a smart way that will help you to reach your financial goals. Saving for the wrong things at the wrong stages of life can have bad consequences.
Of course, everyone’s financial situation is unique. But in general there is a basic order that you should follow when it comes to prioritizing your savings. Let’s take a look at the typical way you can know how you should be saving your money.Continue reading