00:00coinage life well spent presented by Geico you know you should know where your money is going
00:08but for a lot of people creating a financial plan is daunting never fear we're here to help first
00:15identify your biggest financial concern it could be credit card debt student loans a down payment
00:20on a car or house or contributing to a retirement fund make this concern your number one priority
00:26you need to start tracking where your money goes apps like mint you need a budget or digit can help
00:32you figure out where the leaks are and add up the small costs so you don't have to next detail what
00:38you have and what you owe so you get a full picture of your obligations and how to tackle them list
00:43your savings and your interest rates associated with your debts finally figure out how much you
00:48can contribute to a retirement plan many people have it easy with an employer provided 401k but
00:54if you don't there are many low-cost options including Roth or traditional IRAs remember
01:00the three pillars of financial success pay down consumer debt then student loan debt establish
01:07an emergency reserve fund the money should last you six to twelve months maximize your retirement
01:13contributions now you're on your way to a bright financial future coinage life well spent presented
01:22by geico
01:22geico
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