It’s scary how many people I know that have $1,000 or less in their savings account. When anything unexpected happens, they go scrambling for extra cash and can fall into the traps laid out for those who live paycheck-to-paycheck. Those include using credit cards to bridge the income gap and using cash advance companies to [...]
Setting goals for your savings can be one of the most effective ways to put a “face” to your money and motivate you to put funds away for something specific. For example: I will save $100 a month for 6 months so I can take a summer vacation to the mountains. I need to save [...]
With the recession putting a damper on the housing market, a lot of people are wondering how to save money for a house so they can get in the game while prices and rates are good.
I haven’t been able to find it, but I’m almost certain that someone out there has invented a scientific theory for why we use more of something when it’s abundant, and less of it when it’s scarce. Here are two suggestions for dealing with it when it comes to your money.
A lot of people like to set savings goals to make their savings more tangible. But what happens if you don’t have any goals to save for at the moment?