“Emergency funds, retirement, debt payoff, college costs – overwhelming is an understatement when it comes to how we should prioritize our savings. We know we should be saving, but where and how much?”
According to Forbes, saving for your kids’ college funds shouldn’t be in the top-three priorities. What are the three things you should tackle before other financial needs and wants?
- Emergency savings
- Putting away for retirement
- Paying off debt
Then, you can begin to focus on other financial things, such as college funds and early mortgage payoff.
Read up on all of Forbes’ suggestions here: “The Top Three Priorities For Savings.”