Build a system to automate your money management in no more than six weeks.
In light of the recent economic volatility, a lot of people are wondering what's going to happen next. No one can see the future, but I want to paint a broad picture of what could likely happen, and how it will affect you in 2009.
With a high-yield savings account, you can earn serious interest on your spare change.
Living on a budget but trying to be healthy? Oatmeal is the way to go. It’s full of antioxidants, it reduces cholesterol, and it can boost your immune system, along with a myriad of other health benefits. Plus, it’s almost obnoxiously cheap, especially if you buy the pre-measured instant packets.
Simplifying my life and taking control of my budget was difficult, but it enabled me to travel all over the country, seeing the sights, tasting the local delicacies, and truly living life the way I wanted. If you have a dream you're saving for, check your budget for these dos and don'ts to save money.
Remember your first piggy bank? Maybe it was an actual piggy, or maybe it was one of those “change” organizers that stacked and separated your coins. Maybe it was something modern that motivates your savings into different categories like the Money Savvy Pig. Whatever it was, the idea was simple: Keep dumping cash in and someday you’ll have a pile of it.
Are you a diligent saver? Penny pincher? You probably have your own tips and tricks for saving a chunk of cash here or squeezing the last bit out of a dollar there. While saving money is a noble pursuit, the ways you save could cost you. Do you abide by any of these four bad “saving” habits?
Buying more of an item because it’s on sale
Home ownership can be a rewarding experience, from not having to answer to a landlord to turning a big part of your living expenses into an actual investment. And knowing that your rigorous savings efforts have finally resulted in an ample down payment is an unquestionably satisfying feeling. But before you start shopping for your new home, consider the following: To be financially ready for home ownership, you need more than just that initial 20% payment at closing.
Long before TLC’s “Extreme Couponing” got everyone hyped up on saving money by clipping coupons and building a big grocery stockpile, many people were already reaping the benefits of saving money with coupons or online saving tools. I've watched the shows, I still have questions: Do I need all of those items? Do I have space for them?
You may be able to save on car insurance in 15 minutes, or even in seven minutes, if you are willing to change insurance companies. What if you like the service you currently receive but just want to pay less? There always seems to be an excuse every renewal period why your premium went up a few dollars more a month. For the frugal-minded, like myself, I think about how those few dollars would be better left in my favorite high-yielding savings account.