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Life can be unpredictable, but if you have a clear goal in mind and some planning you can prepare for it. Whether you’re just starting out or are nearing retirement, everyone can benefit from occasional money-savvy tips aimed at guiding you toward financial success. Here are some common ones to keep in mind to help you be prepared for the future.

Have an Emergency Fund

A good rule of thumb is to have an emergency fund set aside to handle the unexpected. You should plan to have six months’ salary set aside to cover emergencies such as medical bills, employment gaps, household repairs, and other incidents. This can save you from credit card debt and the added stress of figuring out how you’re going to pay for these types of emergencies.

Conduct Routine Maintenance 

A great way to avoid emergency repairs is to conduct routine maintenance on the things you use most. If you use your vehicle to commute to work, conduct routine auto repair Mountlake Terrace WA to keep it in good working condition and avoid costly repairs. If you’re a homeowner, have someone handle routine checkups such as HVAC and gutter cleaning and other household maintenance to keep your home in good condition. 

Consider Retirement 

At the end of a hard career, everyone wants a chance to retire comfortably. It’s never too early to start saving for retirement, so meet with a financial advisor to discuss your goals and how you can meet them. Be sure to take advantage of free money or you may miss out on extra years of retirement. If, for example, your employer offers a 401k with company match max out your contribution to get the most bang for your buck.

Keep these smart finance tips in mind and you’ll be ready for the unexpected circumstances life throws your way. 

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