Everybody told you to save for a rainy day. You didn’t. How can you start now? Here are some ideas for where to start and how to save. Short-term savings plans – your “rainy day” fund Everyone should have three to six months’ salary in an account in case of emergency. There are old-fashioned savings accounts at banks, and there are many new “fintech” plans online. If you … [Read more...] about How to Fund Your Savings Plan
saving money
10 Ways to Save Money on Gifts
We are in the midst of what can be the most expensive time of the year. If you don’t want to, or frankly can’t, be paying off Christmas, Hanukkah, or other celebration into next year, here are some tips to make the holidays affordable and memorable. I hope these ideas help you in saving money this year. Happy Holidays! By Bethanie Ryan … [Read more...] about 10 Ways to Save Money on Gifts
Q&A: Making Ends Meet with a Teenager
In response to a recent inquiry from a financially insecure mother about how to get by, we asked poverty expert Joyce McCauley-Benner to weigh in. Here is their exchange:Q. Hello! My beautiful daughter is now 13 years old and is a joy, but our life has been full of transitions and financial struggle due to young single parenthood and lack of a deeper support systems and help … [Read more...] about Q&A: Making Ends Meet with a Teenager
Money Management 101
Handling finances doesn’t require an MBA. There are basic skills that make you a savvy financial manager. This section contains a group of articles that cover money management topics everyone should know. Topic #1: Cash Flow – otherwise known as your BUDGET = Income vs. Expenses What is your income? Start with your take-home pay. If you get the same paycheck each period, … [Read more...] about Money Management 101
10 Ways to Save on Monthly Expenses
While rent or a mortgage payment is often the biggest expense a household may have, utilities can be a significant expense as well. These can include gas, electric, water, and trash removal. Some of these costs may be included in rent, so check with your landlord. While trash removal is usually a set monthly cost, other utilities are based on your usage. Utility companies … [Read more...] about 10 Ways to Save on Monthly Expenses
