Great ways to save money on all kinds of things. Cut costs, cut expenses and save money on your purchases. Also be sure to check out our complete guide on saving money.
It is a remarkably brief period of time between graduation and mid-life crisis. Your first duty is to get a job, then another job, then the one you will have for the next phase of your life. Along the way, you collect a family, one health scare, and some manageable debt.
The first grandkids and the first grey hairs show up suspiciously close together, along with the first sign that the aforementioned debt is not quite as manageable as you thought.
That is when you start coming to grips with a few hard realities: You’re forty something. Your knees hurt for no good reason. Print is starting to get smaller. You have advanced about as far in your career as you are likely to get. Your marriage doesn’t seem to be getting better or worse.
Saving your first $1000 emergency fund can be difficult.
You may be in debt, and barely making ends meet, and then you start a plan like Dave Ramsey’s “Baby Steps,” and the first step is to save $1000.
You’re thinking “I can’t even pay my water bill, how am I supposed to save $1000?”
Well, I’m not going to say these ways are easy, but they are effective, and if you’re willing to put in the work, you can get $1000 saved very quickly, Anyone can.
Your twenties are an important time for a lot of reasons. It’s usually when you’re finishing college and stepping into adulthood. It’s also when you start to build the foundation for your relationship with money.
When you hear stories of people who’ve ruined their credit or are drowning in debt, you’ll usually find that it started in their twenties. On the flip side, the people that end up doing well later on in life had a good foundation to start off on, and it carried on with them for decades.
So how do you avoid ruining your finances early on in life? Follow these 20 tips to get your finances in order in your twenties!
Many of us want to attack the idea of being frugal by saving large sums of money – but trying to save too big an amount too quickly can backfire. That’s because you may need to cut back in every aspect of your life, and this could affect your well-being.
Imagine living without an air conditioner in the extreme summer heat when you’re trying to reduce the electricity bill or not being able to eat at your favorite restaurant when you’re trying to save money on food. There’s disaster written all over it.
Don’t get me wrong, saving a big sum of money is good, but you’re more likely to avoid getting stuck in a rut if you make a series of small savings that add up over time. With the tips mentioned below, you’ll see a decent figure on your bank statement at the end of the year, without feeling like you have had to sacrifice your lifestyle to achieve this feat.
Stay-at-home spouses get a bad rap.
One of the funniest things I hear is “do you work or are you a stay-at-home wife/husband?”
Seriously? “Do you work?”…because stay-at-home spouses don’t work.
They have it so easy. They get to watch any number of kids all day, and end up with the wonderful responsibility of making sure every square inch of the house is tidy all day, everyday. Because that’s reasonable, right?
My wife is a stay-at-home mom, and I can tell you right now: she works. Harder than I do most days, and I have a “real job.” So let’s see just how valuable stay-at-home spouses are.
Four bedrooms with a large backyard and a white picket fence.
For most people, this is an American dream that they cannot wait to attain.
But turning that dream of homeownership into a reality can take a lot of grit and determination in this day and age. Considering that a traditional mortgage requires a 20 percent down-payment and that the average price for a single-family home sold in 2014 was $345,800 according to the US Census Bureau, you would have find a way to save a whopping $69,160 (not to mention additional closing costs) before you would be able to sign on the dotted line.
So how is it that 437,000 people were able to do that?
We at Modernize have a few tips to help you reach your goal without having to give up everything.
Saving is something we all know we should do but is far easier said than done. It seems simple, save a little each month for a rainy day but far too often our month outlasts our money and there is not much to put aside. It is always tough to break your bad spending habits and be more ‘sensible’ with your hard earned money but here are some tips that will help you make the change.
Have you ever felt that sinking feeling when you find out you need to spend money on a home or car repair that you weren’t prepared for?
You knew it was coming; hindsight is always 20/20, and you end up beating yourself up for not planning it out sooner.
If you don’t have an emergency fund in place, that sinking feeling is all too familiar.
Financial experts say you need an emergency fund worth 3-8 months of living expenses (to cover you during a layoff or career change).
Other experts say having at least $1000 on hand for real emergencies is the minimum you should have on hand for life’s surprises.
There is a way to prevent that sinking feeling next time you get hit with life’s unexpected/expected expense events (say that 5 times fast).