Build a system to automate your money management in no more than six weeks.
With a high-yield savings account, you can earn serious interest on your spare change.
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.
You said you wouldn't do it, but it happened anyway: You overspent on party attire and social events. You went way overboard on gifts. You tossed your budget out the window in favor of good times and holiday cheer.
Don't beat yourself up. It happens. And you surely wouldn't be the first person to bemoan the toll the holidays took on your wallet. But now that they're over, it's time to get back on track. Here are a few easy ways to begin the process of recovering financially.
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?