What do you want to change about your spending and saving habits? Let’s see if your resolutions are in sync with these top five for 2020.
Resolution #1: Save More Money Each Month
Resolution #2: Reduce Monthly Spending
Resolution #3: Pay off Credit Card Debt
Resolution #4: Build an Emergency Fund
Resolution #5: Save More for Retirement
FIRE stands for “Financial Independence, Retire Early.” This program, inspired by Vicki Robin’s book “Your Money or Your Life,” is built on the premise of saving more money month-to-month than traditional retirement planning and utilizing low-fee investment options to be able to afford retirement earlier than the traditional age.