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Tag: rainy day savings

Einstein called it the eights wonder of the world: Use this Financial Phenomenon to Multiply your Money in less Time

Posted on March 12, 2023March 12, 2023 by budgetsense

Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it” . If something has the backing of arguably one of the smartest people in history, you can surely trust it! Compounding is the process whereby interest is addedto an existing principal…

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Why an emergency fund is so important and liberating!

2022 Showed me the Power of Emergency Savings and how Financially Empowering it is! 

Posted on August 27, 2022December 10, 2022 by budgetsense

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…

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