BUDGETING & INVESTING TOOLS
The free tool for creating a budget and tracking your spending—I check mine daily—obsessively, even. Before you do anything else, this is STEP #1. [Read post]
The robo-managed portfolio—it invests your money for you, based on your risk tolerance and goals. Could not be easier, especially with an expense ratio of .25% (costs $25 for every $10,000). [Use my referral link for 3 months managed free]
BUILD YOUR BUDGET
If you're unsure how to divvy up your income between savings, needs, and wants, you can start with this worksheet and—over time—shift more money into the "save and invest" category. Just plug in your income (monthly or per paycheck) to see how much you can (not necessarily should, but can) spend to achieve a minimum 20% savings rate.
It'll help you create a chart that looks like this...
LOOKING FOR SOMETHING MORE?
If you're interested in personal finance coaching and a personalized plan based on your income, lifestyle, location and goals, I'd love to help. Submit a contact form with some basic information and I'll be in touch.