Effectively managing your finances is so important for creating a prosperous future for yourself and your family – but it’s easy to make a few blunders along the way.

If you’re just starting your financial journey, here are a few money mistakes you should avoid!

• Putting off financial planning. Planning for the future can seem overwhelming. But the sooner you start, the better your chances to meet your financial goals. So don’t wait! Start by setting aside time once a week or once a month to review your budget and investments.
  
  TIP: You don’t have to do it all by yourself! Get help from a professional financial planner to learn about what strategies may be right for you.    
  
  
• Not taking advantage of employers’ matching retirement contributions. It’s essential to start planning for retirement as soon as possible.  Many employers offer a 401(k) match program. If they do, be sure to contribute enough to take advantage of the match. That’s free money!
  
  
• Not having an emergency fund. Life comes with unexpected expenses – and without a safety net, one mishap could cause serious financial strain. You should try to have enough in your emergency fund to cover general household expenses for three to six months.
  
  
• Going overboard on credit card spending. Be cautious when it comes to using credit cards for your day-to-day expenses. Not only do you run the risk of racking up debt, but you can also end up paying MORE for essential items if you fall behind on payments on cards with high interest rates.