You also need to sign up with a credit union to minimize your banking costs. To find out if you're eligible to join one, call 800-358-5710 and ask for the number of your states Credit Union League.

Don't put your money in a money market account just because, it pays a slightly higher interest rate than a plain old savings account. To avoid monthly maintenance fees, you often have to keep more money in a money market account than you would in a savings account.

If you've been charged an outrageous fee for a bank service, complain. Being forceful but polite will often help you persuade the banks customer service rep to waive the charge.

You also need to resist buying mutual funds on which banks charge commissions. Look into some of the low-cost mutual fund companies.

Inflation can drastically reduce the purchasing power of the dollar over time.

If the company you work for has a retirement savings plan or open an individual retirement account (IRA) at a no-load

Before you up and quit your job or you find a job that better suits you, check and see if you have worked long enough to take all your 401K money with you when you decide to leave. If that is not the case, consider staying for a few more months, because that could be the difference between thousands of extra dollars in your pocket.

You need enough life insurance to provide for your dependents (spouse and children) so that they can carry on a decent life style if you were to pass on. If you have infants, which means that you need to figure out how much they will need to live for at least the 15 to 20 years. When a company offers a flexible benefit plan, you should think carefully. If you are single and without any dependents, you would want better health insurance or more disability coverage. What ever you do, don't go without health insurance, no matter how healthy you may think you are. The easy way to find affordable coverage is to see if there is a group you can join, such as a trade association, or a religious organization, that offers group insurance. If you are between jobs, purchase low cost temporary coverage.

mutual fund I would say join right now.

When you are thinking of making a investment plan the first thing you should do is to build an emergency saving fund which is equal to three months of your living expenses. After you have done this you should take this money and put, it in a money market fund. The next step in doing this would be to invest in stock and bond mutual funds. Your best bet is probably index funds since actively managed fun

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