It’s one thing to make money, but a completely different ball game to make it impact your life. And this is largely dependent on how you manage what you earn.
Make a plan to pay off any debts you still owe. Choose the first debt to pay off. One strategy is to pay off the debt with the highest interest rate first while making the minimum payments on all other debts.
Get a head start on saving for retirement. Consider enrolling in a workplace retirement plan like a 401(k) or starting your individualized retirement account (IRA).
Check your credit report regularly to spot errors and see where to improve. An annual free credit report from each of the three leading credit agencies is available upon request.
Lifestyle is a significant roadblock to building wealth and can keep you living paycheck to paycheck — even when those paychecks are much larger than they used to be.