This is one of those questions that will elicit a wide range of answers. One expert will suggest that three months’ worth of expenses tucked away in an emergency fund will suffice. Another expert will scoff and say you need at least a year’s worth. So, really, how much should you have in your emergency fund?
I am an avid receipt-checker. People make mistakes all the time, and I would hate to fall victim to an overcharge. Taking the extra minute to scan your receipt can save you quite a bit of money.
This might seem like an odd question. You can never have too much in savings, right?
Have you ever heard of the snowball method for paying off debt? I believe it was made popular by Dave Ramsey (who I don’t follow), but I’m sure many people started using this method many years ago. The idea is simple. You “snowball” all of the money you have available to put towards debt and apply it to the smallest loan amount first. Once that loan is paid off, you snowball your debt payoff money into paying off the next smallest loan.
It’s inevitable. Spending money is something we all MUST do each month. Even those dedicated folks participating in things like No Spend January (or whatever month) still can’t get away from spending on necessities – gas, groceries, utilities, etc. So if you have no choice but to spend this money, why not get cash back for it? It’s like getting a discount on (almost) everything you buy! Keep reading for how I earn cash back!
Saving for retirement does not have to be scary thing. As with anything else, the more familiar you get with something, the less intimidated you will be by it. Investing for your future is actually not as complicated as you might think. One of the easiest ways to start saving for retirement is by contributing to your company’s 401k. This is especially important if your employer matches your contributions up to a certain amount. But what if your job doesn’t offer a 401k? Or what if you do not work? (Check out this post on spousal IRAs.) Maybe you can consider an Individual Retirement Account (IRA). There are several types of IRAs, with the Traditional IRA and Roth IRA being the two that many people have as a part of their retirement portfolio. You can either choose one or the other, or have both. Keep reading for the differences between a Traditional IRA and Roth IRA.