With each new year come a lot of resolutions. In addition to vowing to lose 10 pounds or organize your photo drawer, perhaps 2012 should be the year to focus on your finances.
If you are fortunate enough to have school behind you and have landed a job in this challenging job market, congratulations!
Now it’s time start preparing for your financial future. Once you have a plan to repay your student loans, perhaps the most important step you can take in 2012 is to start creating a cash reserve for emergencies.
With all the current demands for your time and money, it’s hard to think about saving for retirement. An employer-sponsored plan like a 401(k) or a 403(b)is an easy way to invest for the future.
If you haven’t started doing so already, resolve to make 2012 the year you start maximizing contributions to your company’s retirement savings plan.