Budget Planning Tips for 2024 Almost everyone dreams of living debt-free and having complete control over their finances. This might seem impossible to many working-class individuals struggling to make ends meet. To kick off 2024, the average American will have over $59,000 in debt! But unfortunately, the average Massachusetts resident has over $70,000 in debt….
Why an Emergency Savings Fund is Essential in 2023 and Beyond It’s Day 4 of our Money Saving March challenge. Today we’ll look at emergency savings funds: what they are, how they differ from regular savings accounts and retirement funds, why you need one, and how to fund your account. Let’s get started! What is…
The Importance Of Having An Emergency Savings Fund Got unforeseen medical expenses? Does your car need some major repair work? Did you recently lose your job? If your answer is yes to any of the questions above, having an emergency savings fund should be a top priority. And if not, be prepared to deal with…
An emergency fund is an integral part of any financial plan. If you’ve ever had to suddenly come up with $500 for an unexpected expense like a car repair, you know how hard it can be without some savings set aside. The size of your emergency fund depends on your situation and goals, but the…
The number of professionals leaving the full-time job world to be self-employed continues to rise. After all, 12.7 million people quit their jobs in July, August, and September. While some political figures might try to make you believe they are all trying to milk the system as deadbeats, I don’t believe it. I believe it’s…
Having multiple bank accounts is generally recommended for anyone making money. But you might be asking, how many bank accounts should I have? In this video, I share one money management strategy where you should have at least 4 bank accounts consisting of two checking accounts and two savings accounts. Financial Expert, Tiffany Aliche, said…
Many people save money in an emergency fund account. Emergency funds are used for people to save up money for any possible emergencies or disasters that may occur. But what about an emergency savings fund vs. investing? Is an emergency fund better than investing, or vice versa? Well, I would like to discuss this matter…