Americans' Top 2 Financial Goals for 2020 -- and How to Tackle Them Yourself

The year 2020 is just around the corner, which means countless Americans are gearing up to improve their finances once it kicks off. Here are Americans' chief financial goals going into the new year, according to a survey by Marcus by Goldman Sachs -- and what you can do to achieve them.

We all need savings on hand, both for emergencies as well as retirement. If you don't have enough cash reserves in the bank to pay for at least three months of essential living expenses, then building your emergency fund should be your primary financial goal for 2020. Once you have that cushion, you can begin setting aside funds in an IRA or 401(k) as retirement savings.

Of course, coming up with that money to save is easier said than done. To that end, one of the best ways to help yourself is to set up a budget. That way, you'll see what your expenses cost you month after month, and you'll have an easier time identifying which ones to cut back on.

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Source Fool.com