Facebook

Want to boost your savings?

 Check out this website with plenty of suggestions to help you (or those you care about) improve their savings behaviors.  Author Carly Hallman writes:  Strategies for Saving Money “Saving money is a beneficial skill to have for several reasons. It may help stretch your paychecks further and you can also work on saving for the…

Jump-Start your Emergency Savings

If you are lucky enough to still be employed now is a great time to begin or boost your emergency fund, especially since there are fewer temptations to spend in this time of coronavirus.Recently The Wall Street Journal published “35 ways to jump-start your emergency savings.” among the suggestions:If you are paid bi-weekly you get…

Don’t Panic: Make These 3 Money Moves to cope with Coronavirus

The Wirecutter recommends: 1. Get your debt in order If you don’t pay in full each month: Lower interest payments on your credit cards. Call your card companies and negotiate a lower rate.Refinance your mortgageUse federal student loan protection 2. Shore up your cash  Save the money you would’ve otherwise spent. You’re not eating out…

Your Money: A Hub for Help During the Coronavirus Crisis (The New York Times)

“If your income has fallen or been cut off completely, we’re here to help. This guide will connect you to the basic information you’ll need to get through this, including on government benefits, free services and financial strategies.” By Ron Lieber and Tara Siegel Bernard https://www.nytimes.com/article/coronavirus-money-unemployment.html?te=1&nl=your-money&emc=edit_my_20200323&campaign_id=12&instance_id=16999&segment_id=22635&user_id=bde4c6c63beab087f13b761e1ee9fe1e&regi_id=8372066420200323 What you need to know: How unemployment insurance works…

Easy way to build an emergency fund

According to the IRS, around 72% of Americans received a refund on their taxes in 2019. This extra cash may be the largest check some people receive all year and can be a perfect opportunity to start—or grow—your emergency savings funds.Learn how your tax return can kickstart your savings. The Consumer Financial Protection Bureau’s guide…

Why save when interest rates are so low?

“What’s the point in saving your hard-earned dollars if you don’t know what it’s for?” asks Ross Menke. “By visualizing that future experience, you’ll feel in real time what lies ahead.”Jonathan Clements explains:“To get started with visualization, write down your goals in great detail. Once your specific goals are established, write down how achieving those goals will make…

Back to Basics: Compound Interest

Suppose you started with one penny on the first day of the month and then doubled it each day—to two cents, then four, then eight and so on.After 10 days, you’d have $5. After 20 days, you’d have $5,000 and, after 30 days, you’d have more than $5 million.Read the details in Jonathan Clements’ blog: https://humbledollar.com/2019/01/repeat-for-emphasis/…

Feed the Pig’s Tips Help Millenials Save

Feed the Pig, a public service campaign sponsored by the American Institute of CPAs and the Ad Council, encourages Americans ages 25 to 34 to take control of personal finances. Free resources, financial tips and daily social posts help millennials save and budget regularly and wisely. http://www.feedthepig.org/   Source: Financial Planning for Women