How You Should Diversify Your Accounts

HOW YOU SHOULD DIVERSIFY YOUR ACCOUNTS Put money in different accounts to save wisely A CHEAT SHEET TO UNDERSTANDING WHAT MONEY SHOULD GO INTO WHICH ACCOUNTS SAVE INCOME AVERAGE FAMILY AFTER EXPEDITURES only 23% of your money is left to get invested INCOME $92,159 SPEND SAVE 23% OF INCOME SPEND 77% OF INCOME KIDS BILL PAY 45% OF SPENDING MONEY Utilities 15% • Car 13% • House 72% RETIREMENT 52% OF INVESTING MONEY PERSONAL SAVINGS 17% OF INVESTING MONEY SAVE EXPENSES SPEND EXPENSES 21% OF KIDS 9% OF INVESTING MONEY SPENDING MONEY • Taxes 16% • Housing 21% • Healthcare 22% • Miscellaneous 41% COLLEGE SAVINGS 12% OF INVESTING MONEY RSTIREMENT BILL PAY EMERGENCY 10% OF PERSONAL CHECKING 34% OF SPENDING MONEY • Food 40% • Clothes 11% • Transportation 33% • Entertainment 16% INVESTING MONEY FACT: 7.7% of households do not have bank TIP: Cut expenditures to max out your retirement fund each year. OPTIMAL ACCOUNTS OPTIMAL ACCOUNTS accounts 401 (K) Online account Long Term CDs O High Interest Savings 17.9% of households do not use their bank accounts Junior Bank AcCount Personal Checking Account FACT: Every year you don't have your money in a bank account, it loses 3% from inflation. 529 College Savings Plan Money Market and Short Term ČDs TIP: The Junior Bank account generally gets a better rate compared to a regular savings account, so start your kid's savings early. WHAT WE NEED TO SAVE FOR Home Education Retirement Big Purchases Emergency Travel BROUGHT TO YOU BY S GoBankingRates Sources: www.bls.gov- Consumer Expenditure Survey- 2008, U.S. Dept. of Labor, U.S. Bureau of Statistics Rk PERSON CHECKIN EMERG. ENCY OLL PERSONAL SAVINGS LLLIO HOW YOU SHOULD DIVERSIFY YOUR ACCOUNTS Put money in different accounts to save wisely A CHEAT SHEET TO UNDERSTANDING WHAT MONEY SHOULD GO INTO WHICH ACCOUNTS SAVE INCOME AVERAGE FAMILY AFTER EXPEDITURES only 23% of your money is left to get invested INCOME $92,159 SPEND SAVE 23% OF INCOME SPEND 77% OF INCOME KIDS BILL PAY 45% OF SPENDING MONEY Utilities 15% • Car 13% • House 72% RETIREMENT 52% OF INVESTING MONEY PERSONAL SAVINGS 17% OF INVESTING MONEY SAVE EXPENSES SPEND EXPENSES 21% OF KIDS 9% OF INVESTING MONEY SPENDING MONEY • Taxes 16% • Housing 21% • Healthcare 22% • Miscellaneous 41% COLLEGE SAVINGS 12% OF INVESTING MONEY RSTIREMENT BILL PAY EMERGENCY 10% OF PERSONAL CHECKING 34% OF SPENDING MONEY • Food 40% • Clothes 11% • Transportation 33% • Entertainment 16% INVESTING MONEY FACT: 7.7% of households do not have bank TIP: Cut expenditures to max out your retirement fund each year. OPTIMAL ACCOUNTS OPTIMAL ACCOUNTS accounts 401 (K) Online account Long Term CDs O High Interest Savings 17.9% of households do not use their bank accounts Junior Bank AcCount Personal Checking Account FACT: Every year you don't have your money in a bank account, it loses 3% from inflation. 529 College Savings Plan Money Market and Short Term ČDs TIP: The Junior Bank account generally gets a better rate compared to a regular savings account, so start your kid's savings early. WHAT WE NEED TO SAVE FOR Home Education Retirement Big Purchases Emergency Travel BROUGHT TO YOU BY S GoBankingRates Sources: www.bls.gov- Consumer Expenditure Survey- 2008, U.S. Dept. of Labor, U.S. Bureau of Statistics Rk PERSON CHECKIN EMERG. ENCY OLL PERSONAL SAVINGS LLLIO HOW YOU SHOULD DIVERSIFY YOUR ACCOUNTS Put money in different accounts to save wisely A CHEAT SHEET TO UNDERSTANDING WHAT MONEY SHOULD GO INTO WHICH ACCOUNTS SAVE INCOME AVERAGE FAMILY AFTER EXPEDITURES only 23% of your money is left to get invested INCOME $92,159 SPEND SAVE 23% OF INCOME SPEND 77% OF INCOME KIDS BILL PAY 45% OF SPENDING MONEY Utilities 15% • Car 13% • House 72% RETIREMENT 52% OF INVESTING MONEY PERSONAL SAVINGS 17% OF INVESTING MONEY SAVE EXPENSES SPEND EXPENSES 21% OF KIDS 9% OF INVESTING MONEY SPENDING MONEY • Taxes 16% • Housing 21% • Healthcare 22% • Miscellaneous 41% COLLEGE SAVINGS 12% OF INVESTING MONEY RSTIREMENT BILL PAY EMERGENCY 10% OF PERSONAL CHECKING 34% OF SPENDING MONEY • Food 40% • Clothes 11% • Transportation 33% • Entertainment 16% INVESTING MONEY FACT: 7.7% of households do not have bank TIP: Cut expenditures to max out your retirement fund each year. OPTIMAL ACCOUNTS OPTIMAL ACCOUNTS accounts 401 (K) Online account Long Term CDs O High Interest Savings 17.9% of households do not use their bank accounts Junior Bank AcCount Personal Checking Account FACT: Every year you don't have your money in a bank account, it loses 3% from inflation. 529 College Savings Plan Money Market and Short Term ČDs TIP: The Junior Bank account generally gets a better rate compared to a regular savings account, so start your kid's savings early. WHAT WE NEED TO SAVE FOR Home Education Retirement Big Purchases Emergency Travel BROUGHT TO YOU BY S GoBankingRates Sources: www.bls.gov- Consumer Expenditure Survey- 2008, U.S. Dept. of Labor, U.S. Bureau of Statistics Rk PERSON CHECKIN EMERG. ENCY OLL PERSONAL SAVINGS LLLIO HOW YOU SHOULD DIVERSIFY YOUR ACCOUNTS Put money in different accounts to save wisely A CHEAT SHEET TO UNDERSTANDING WHAT MONEY SHOULD GO INTO WHICH ACCOUNTS SAVE INCOME AVERAGE FAMILY AFTER EXPEDITURES only 23% of your money is left to get invested INCOME $92,159 SPEND SAVE 23% OF INCOME SPEND 77% OF INCOME KIDS BILL PAY 45% OF SPENDING MONEY Utilities 15% • Car 13% • House 72% RETIREMENT 52% OF INVESTING MONEY PERSONAL SAVINGS 17% OF INVESTING MONEY SAVE EXPENSES SPEND EXPENSES 21% OF KIDS 9% OF INVESTING MONEY SPENDING MONEY • Taxes 16% • Housing 21% • Healthcare 22% • Miscellaneous 41% COLLEGE SAVINGS 12% OF INVESTING MONEY RSTIREMENT BILL PAY EMERGENCY 10% OF PERSONAL CHECKING 34% OF SPENDING MONEY • Food 40% • Clothes 11% • Transportation 33% • Entertainment 16% INVESTING MONEY FACT: 7.7% of households do not have bank TIP: Cut expenditures to max out your retirement fund each year. OPTIMAL ACCOUNTS OPTIMAL ACCOUNTS accounts 401 (K) Online account Long Term CDs O High Interest Savings 17.9% of households do not use their bank accounts Junior Bank AcCount Personal Checking Account FACT: Every year you don't have your money in a bank account, it loses 3% from inflation. 529 College Savings Plan Money Market and Short Term ČDs TIP: The Junior Bank account generally gets a better rate compared to a regular savings account, so start your kid's savings early. WHAT WE NEED TO SAVE FOR Home Education Retirement Big Purchases Emergency Travel BROUGHT TO YOU BY S GoBankingRates Sources: www.bls.gov- Consumer Expenditure Survey- 2008, U.S. Dept. of Labor, U.S. Bureau of Statistics Rk PERSON CHECKIN EMERG. ENCY OLL PERSONAL SAVINGS LLLIO