Financial Planning within a  Career Path

What to process as you plan for a career...

• What will be your take home income?

  • • Do your math. Make sure that your take home income can coverage your cost of living. Check out the current cost of living breakdown in Dane County.  You never want to pick a job based off salary or payment alone, but it is something to consider. 

• What benefits are provided within this job?  

  • • Keep in mind that salary or payment is just ONE piece of the puzzle. Make sure the positions also has things like: paid time off, health or dental benefits, 401K, and more.  

• Do I understand enough about the process of financial planning or banking? 

  • • Check out these resources from Summit Credit Union 

      • Summit Resources include information on: living on your own, budgeting, checking accounts, insurance, taxes, credit score, and scams) 

• Could I save money each month from emergency funds? 

  • • The banking goal is for 20% of your income to be saved each pay period. This is to give you a nest egg in case of an emergency. 

• What kind of lifestyle do I hope to have after LHS?