When I heard about this cool savings challenge, I felt a bit embarrassed. How could I have been writing about budgeting and personal finance for so long without ever hearing about or implementing this method? So, what exactly is the 52-Week Savings Challenge, and how does it work? Simply put, you start by setting aside…
Ever considered saving for a sunny day, instead of the old adage about saving for a rainy day? And I mean this literally—saving for that sunny day at the beach, or whatever your version of sunny is. If saving for a rainy day sounds dull and uninspiring, why not reframe it into something more positive…
Creating a budget with a variable income requires a slightly different approach than budgeting with a steady salary, since your income fluctuates from week to week, month to month, and so on. In other words, instead of relying on a fixed income every two weeks, you are at the mercy of your sales, commissions, bonuses,…
If given the choice, would you rather achieve financial security, freedom or security? If you are a bit confused and not sure which one to choose, don’t worry, most people are. In fact, we think all these represent one and the same concept of being financially set. And while that may be true, there is…
We have all heard of an emergency fund, where you set a set amount money on the side to use for a rainy day and the unexpected, be it expensive car repairs, medical bills, home issues or anything else that you couldn’t have foreseen and would cost money to tackle. And while most probably have…