Wealth Building & Financial Literacy

Your Wealth Building Plan

Complete each task below to advance through your wealth journey. Your progress is saved locally so you can pick up where you left off.

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Step 1 – Create Your Budget

Start by understanding your income and expenses. Allocate funds using the 50/30/20 rule and track every dollar.

List all sources of income Categorize monthly expenses Set spending limits using 50/30/20

Budget Split Calculator (50/30/20)

Monthly take-home income ($)

Needs (50%): $0.00

Wants (30%): $0.00

Savings (20%): $0.00

Step 2 – Grow Your Savings

Prepare for unexpected expenses and long‑term goals by building an emergency fund and saving for milestones.

Open or review your savings account Automate monthly transfers to savings Build an emergency fund (3–6 months of expenses)

Emergency Fund Goal

Monthly essential expenses ($)

3‑Month Fund: $0.00

6‑Month Fund: $0.00

Step 3 – Invest for the Future

Once your budget and savings are in place, it's time to make your money work for you. Learn about index funds, retirement accounts, and the magic of compound interest.

Research low‑cost index funds Open or review a retirement account (401k/IRA) Set up automatic contributions

Step 4 – Protect & Plan

Safeguard your hard‑earned wealth and plan for the future by managing risk and setting up long‑term strategies.

Review insurance policies (health, life, property) Create or update your will/estate plan Revisit goals annually and adjust as needed

Debt Payoff Calculator

Approximate Debt Payoff

Total debt ($) Annual interest rate (% APR) Monthly payment ($)

Payoff time: –

Total interest paid: –

Your Wealth Building Plan

Budget Split Calculator (50/30/20)

Emergency Fund Goal

Debt Payoff Calculator

Approximate Debt Payoff

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