USPS logo LINK — USPS employee news Printable

Smart money

Here are five principles to follow

Sound financial principles can help you prepare for unexpected emergencies and whatever else life may bring.

April is Financial Literacy Month, a time to learn how to improve your financial well-being.

Sound financial principles can help you save for goals, dreams and unexpected emergencies.

According to the federal Financial Literacy and Education Commission, the five financial principles to manage and grow money are:

Earn. Understand your benefits. Learn how to read your paycheck, including deductions, taxes and withholdings.

Save and invest. Save each month and invest for retirement, your children’s education and other major items.

Protect. Monitor your credit scores. Watch out for identity theft, fraud and scams. Build an emergency fund for unexpected events. Purchase life, health and home insurance.

Spend. Live within your means by setting short- and long-term financial goals and consider the prices, quality and necessity of purchases when shopping.

Borrow. Remember: Your credit history affects the annual percentage rate for car and home loans, so strive to pay bills on time.

The Consumer Financial Protection Bureau — a government agency that ensures banks, lenders and other financial companies treat you fairly — offers an online tool to help evaluate your financial health.

More information on making sound financial choices during major life events, as well as additional resources, videos, brochures and publications, can be found at mymoney.gov.

The Wellness LiteBlue page has additional information and resources under the Financial Wellness tab.

Post-story highlights