11 Personal Finance Tips Everyone Should Know

Ideally, review your financial plan at least annually or whenever there’s a significant life event, such as a change in employment, marital status, or the birth of a child. During these reviews, examine your income, expenses, savings goals, investments, and any debts. Are you on track to meet your financial goals? Have your goals or circumstances changed?

For example, a job promotion or pay raise might mean you can increase your retirement savings rate. Conversely, a new expense, like a mortgage, may require adjustments elsewhere in your budget.