This is Part VI of the guide, Understanding Loans and Credit At Every Stage of Life.
At different stages in our lives we face different financial requirements. At every stage, retirement planning and savings should be a consideration, as well as the liquidity of our assets should we need them in an emergency. It is also a good practice for anyone of working age to have a reserve equivalent to six months’ salary on hand in case of job loss.
The following checklists address each life stage that has been discussed, and may be helpful as you consider a lifetime of efficient financial planning. Note, this approach is also very useful when defining and monitoring efforts to improve your credit score. It all comes down to knowing where you are in life, what you need to be financially stable and always following up.
Continue to Part VII: Additional Financial Education Resources.
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