Investing Unit 3: Action Steps

July 30, 2008 Print Friendly and PDF

Image:Check.gif Action Steps

Image:Square.gif Establish an emergency fund containing an amount equal to 3 to 6 months of your income.
Image:Square.gif Determine amount of money needed to fund your high-cost goals (house, education, retirement, etc).
Image:Square.gif Develop a plan to insure that you save the money needed to fund your goals.
Image:Square.gif Set up a regular savings program, if you do not already have one.
Image:Square.gif Identify two strategies you could implement to help you accumulate funds to invest.
Image:Square.gif Identify a money-consuming habit you have that you would be willing to change.
Image:Square.gif Calculate the amount of money you can realize in one year by changing this habit.
Image:Square.gif Change your behavior, save the appropriate amount of money, and invest it.
Image:Square.gif Track your investment accounts and watch them grow.

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This work is supported by the USDA National Institute of Food and Agriculture, New Technologies for Ag Extension project.