To minimize debt and financial penalties resulting from having to pay off unexpected expenses, create an emergency fund. Allocate some of this year's holiday budget, year-end bonus and/or tax return to an interest-earning, FDIC-insured savings account. 

Number to Know

6: To minimize debt and financial penalties resulting from having to pay off unexpected expenses, create an emergency fund. Allocate some of this year's holiday budget, year-end bonus and/or tax return to an interest-earning, FDIC-insured savings account. You can also set up automatic contributions to build your savings. A good rule of thumb is to maintain six months' worth of expenses in your savings, just in case.

— Brandpoint

The List

Here’s five of Forbes’ 2014 “30 Under 30” for finance:

1. Lucas Duplan, 22, Clinkle founder

2. Luis Alvarado, 29, Wells Fargo investment research analyst

3. George Bachiashvili, 28, Georgian Co-Investment Fund founder

4. Lucy Baldwin, 29, Goldman Sachs managing director

5. Sam Barnett, 24, SBB Research Group founder

Tech Talk

Staying organized is critical to any business looking to be productive and profitable. Scanning paper documents to online storage services like Google Drive, Evernote and Dropbox can help reduce clutter and enhance organization, but you'll probably still have hard-copy files you need to keep on hand. Depending on how many files you need to physically store, you might be able to use a simple filing cabinet or bankers' boxes, rather than a complicated professional organizational system.

— Brandpoint


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