When it comes to money management, it’s best to get started early.

Moreover, some employers match your contributions.

When starting a 401(k), you should first knowhow much moneyyou can actually contribute to it.

“401k” written on a yellow sticky note

When actually making your 401(k), you also need to understand how they function.

However, this is an intricate process.

Let’s break that down.

Stacks of coins with alarm clock

However, the money must be deposited within 60 days, or you’ll be fined.

This means that the money is made out to your new trustee.

Person depositing money into a piggybank