Your first step should be to list out your money saving goals for your family according to which are the most urgent. (Start with the list above and add anything else that comes to mind.) Once you have your list, break the first one or two goals into smaller, short-term steps to take. You can also start to choose
solutions to help you meet each goal—like
life insurance or
annuities to protect your spouse, or a
529 college savings plan for your child.
Keep reading for money saving tips to help you work toward your goals.