Social Security, which is an earned benefit (you pay into it), is now being tarred as an “entitlement,” just to give you a clue about what’s to come. Prepare for the worst and assume that psychopathic politicians will steal your Social Security. If your job offers a 401k, max it out.
You’re not alone if you make a mistake or two with your personal finances. If this is your first time to bounce a check, your bank may waive the fee. In order to take advantage of this, you will have to have a history of maintaining your balance without any overdrafts. You will only have one chance to take advantage of this though.
When you are saving for an emergency fund, aim for at least three to six months worth of living expenses. This is not a large amount, considering the difficulty in finding employment if you ever lose your job. In fact, the larger the emergency fund, the better position you would be in to ride out any unforeseen financial catastrophes.
Try to avoid making common mistakes related to your personal finances. In the event you miscalculate the available balance in your account, you may be successful in getting your bank to waive the overdraft fee. Getting a fee waived is usually only a one-time deal, though, so don’t abuse this tactic.