Expert Tips

Plan & Learn

Here are 3 tips for planning and saving:

  1. Keep financial records related to your taxes, business expenses, home improvements and mortgage payments for seven years; shred those that have no long-term importance.

  2. Consider setting three kinds of goals:
    • Emergency funds (three to six months of essential bills)
    • One-to five-year goals, such as for a down payment or a trip,
    • And then long-term goals such your child’s education or retirement.

  3. It's the time of year for giving and receiving. Make a charitable donation before the end of the year—and enjoy a potential tax break, too.