Tag Archives: Savings

What To Do When You Run Out of Retirement Money

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Most people work late into life, saving up for retirement along the way. Whether you retire early or late or at a typical age, you probably expect to stop working from that point on. However, it doesn't always work out that way. You might get bored and want to work. Or, unfortunately, you might run out of retirement money and need to work. What should you do if the latter scenario happens to you? First, Don't Panic Many of us were raised on a very traditional work model. You got a job as a teenager, Read more [...]

There’s Peacefulness In Having Savings

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Just recently, I was very ill. I came down with a sickness and was out of work for about a week. I lost a lot of money during that time, but I had peace of mind. In situations like this, a lot of people would be frantic about how they’re going to pay their bills or just worried about how missing a few days of work could put them in a financial bind. I think one reason why this was not my scenario is that there is a peacefulness in having savings. Here’s why: https://www.youtube.com/watch?v=Rv0tUqvRMxU Missing Read more [...]

Savings Challenge For The New Year

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Congratulations! You made it to the new year. It has already been an amazing start for me, and I hope it has been one for you. Along with manifesting my dreams and goals, I’ve been working to engage more on social media platforms and reach my money goals. I hope to do that by engaging in a savings challenge for the new year. What do you think about that? If you’re interested, here are a few saving challenges for the new year to consider. https://www.youtube.com/watch?v=LNLUztoQv5M The 52-Week Read more [...]

Financial Tips For The Holidays

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We have several more holidays that are up and coming. Next week is Thanksgiving, Christmas is in a month, and then there’s New Year’s. All these holidays bring families together to share experiences, gifts, and each other’s company. The holidays also mean spending a lot of money. If you’re trying to combat how much money you’re spending, and find alternative methods for doing so, follow along for financial tips for the holidays. https://www.youtube.com/watch?v=-9-sZj9nlWs Maintaining Read more [...]

Interest Rates Are Rising

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Check those savings accounts right now! Over the last few years, we’ve had a tumultuous time in the financial sector. Investments have dropped, savings interest rates have dropped, and in general, a lot of people have experienced financial hardships. These hardships range from missed mortgage payments, defaulting on loans, losing jobs, and being unemployed. Many have been trying to regain their financial foothold. Today, times are changing, and interest rates are rising. If you have a savings account, Read more [...]

Start Your Emergency Fund Now!

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Not everyone is into saving, and that is ok. Not everything is for everyone at the stage of their lives they are in today. However, no matter what financial goals you have in place, you need to be prepared for the worst. Anything can happen at any moment. Most things are slight inconveniences, and some come with hefty payments. Even if you don't have a savings account for retirement, you need an emergency one. If you don't have one, this is your sign to start your emergency fund NOW! https://www.youtube.com/watch?v=UA-vNBSC8zI Setting Read more [...]

Should You Be Saving or Investing Right Now?

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We had a bull run for over nine years. The start of the pandemic was a buying opportunity. If you had bought back in March 2020, you would be sitting on a gold mine just a year ago. As time passed, things began changing. With uncertainty in the market, oil problems, and the coronavirus lingering, we have seen things get bad. The housing market and inflation are at an all-time high, and interest rates are dismal. With all that being said, is it a time to be saving or investing right now? Follow along Read more [...]

When Should You Touch Your Savings?

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Completing a savings goal or just funding your savings does not happen overnight. It's a process that can take years. There’s usually an end goal in mind, and those goals are typically long-term. Sometimes when you see those savings racked up, you get antsy and want to use them. At what point do you dip into the savings? Do you go into them before you’ve met your goal amount, before funding your projects or ventures the money is set aside to be used for, or can you ever use them before that time? Read more [...]

Christmas Mistakes To Avoid

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Christmas is less than two weeks away, and I can honestly say that I have gone crazy this year. I will say that I don’t have a budget because most of my things are automated and I didn’t go above my means, but I’ve spent the most this year than I ever have. Normally, I opt for coupons and deals to find luxe products at a reduced cost. This time I didn’t do that at all. I got people what they wanted at whatever price it was at the time. I was ready to buy gifts so I can get shopping over with. Read more [...]