I was just going to email this to my girls but I thought maybe others might be interested. Most of it we already know but are we doing what we know we should be doing. The number ONE thing we should be doing is paying off all credit cards and not charging anymore. We should know our FICO score (under 700 is low). Do not close out your credit cards because for some reason that I don't understand this makes your FICO score lower. Make sure you pay ALL your bills on time, being late also lowers your score. SAVE MONEY From what I understand we should all have an 8 month emergency fund. If you don't have this emergency fund, you should go over your expenses and separate the needs from the wants. Circle all the wants and if you have debt or no savings then you should eliminate the wants (at least until you have your savings built up). I am thinking that that part will be hard. If you are not getting ready to retire then you should keep investing in a 401k or IRA. Again eliminate the wants until you have 8 months of savings-
enough to cover 8 months worth of living expenses. After you get your credit cards paid off, thankfully ours are, then you should begin to save. Decide how much you can save each month and then add 20%. Put this money in the highest interest rate savings account. Money that you are going to need in 5 years does not belong in the stock market so take it out. Other wise keep it in. So let's all start saving!! That's my advice.