FINANCIAL FREEDOM

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FINANCIAL FREEDOM by Mind Map: FINANCIAL FREEDOM

1. Smart Money

1.1. Switch to family cell plan

1.2. Tax withheld correctly

1.3. Consider a Health Savings Account

1.4. Use apps to help stick to budget

2. For Loved Ones

2.1. Open 529 plan

2.2. Prepare will, trust

3. Lifestyle

3.1. Night Outs

3.2. Vacation

3.3. Charity

4. Resilient

4.1. 6 months cash reserve

4.2. Keep in high-interest savings account

5. Risk Management

5.1. Life insurance

5.2. Health Insurance

5.3. Disability Insurance

5.4. Homeowners/Renters Insurance

5.5. Auto Insurance

5.6. Umbrella Insurance

6. Retirement

6.1. Max 401k employer matching

6.2. Roth IRA?

6.3. Have right stock/bond mix

6.4. Choose low-cost index funds

6.5. Use retirement calculators

7. Debt-Free

7.1. Apply for public service loan forgiveness

7.2. Refinance student loans

7.3. Accelerate credit card payments

8. Credit Score

8.1. Increase credit limit

8.2. Keep old cards open

8.3. Avoid opening new cards

8.4. Pay bills on time

8.5. Pay full balance each month