Moms want the best for their children, but there are many factors when deciding which
savings take priority.
Not exact matches
Take your
savings and «dump» it into the following options (in
priority):
While financial issues, and the drive to deliver cost
savings, are usually front - of - mind for senior management and leadership teams during any merger or transformation process, the matter of quality assurance - and how to secure it — must
take equal
priority.
If you're already well behind on investing for retirement, you need to
take a long look at your spending
priorities and find whatever
savings you can.
Take your
savings and «dump» it into the following options (in
priority):
Paying off credit card debt and building emergency
savings can
take months or even years, and investing enough for retirement will
take decades... but should still be top
priority.
«Fidelity's point of view is that retirement
savings should
take priority over college saving,» explains Bernhardt.
Taking time to organize your
priorities — and then opening accounts to match them — will likely set you up for long - term
savings success.
It's already tempting to sit back and live off your
savings, but when other late - year expenses (like Christmas shopping)
take priority, start
taking a conservative approach with your money.
For people over age 50, the purchase of life insurance usually
takes a back seat to financial
priorities such as trimming expenses and ramping up retirement
savings.
Planners say it's important to
take a balanced approach to financial
priorities, with attention to saving in case of job loss, paying off consumer debt and
taking advantage of retirement
savings options.