Money mistakes: Tips on how to improve your finances

 

(CBS 58) – Handling your savings can be hard, but experts say many people are making mistakes that can be prevented.

One of the most important things to do is have an emergency fund. According to USA Today, it is recommended to have at least $2,000 set aside for unexpected issues.

Another piece of advice is to make sure you know where your money is going by having a budget and tracking spending.

Experts say make sure you’re saving enough money for retirement. It is recommended to save at least 10% of your income for retirement.