You can set yourself up to save in almost every area of your life, from food to shelter and transportation. Whatever your goals are for saving – from finding money in your budget to pay off debt, to building a fund for the next chapter of your life – “bonus” savings on things like your weekly trip to the grocery store can help you get there faster. These tips will help you find more money in your budget – starting with saving at the grocery store.
Individual Retirement Accounts (IRAs)
Thursday, April 01, 2021
An individual retirement account or IRA is an investment account that enables individuals to save for retirement. There are two types of IRAs: Traditional IRAs and Roth IRAs.
Each calendar year, you can contribute up to a maximum dollar amount. The annual contribution limit for 2019, 2020, and 2021 is $6,000 (or $7,000 if you're age 50 or older).
With the click of a button you can sign up for a subscription to stream music or your favorite T.V. series. It’s easy to be roped in by offers for gym memberships, grocery delivery, and box subscriptions.
These relatively “small” recurring costs can add up quickly. Many times, we’re unaware of exactly how much we end up spending on these subscription services—in fact, according to a Waterstone Management Group survey, 84% of us are underestimating our monthly tech spending.
Today is the day to take audit of what subscriptions you have, see how much you are spending, and evaluate which subscriptions you may be able to go without. For today’s challenge you will need the following:
Time: 10 min
Tools: Your phone and/or laptop
Is it time to think about financing a car? It looks like it might be for many people.
The website AutoTrader reports that people are embracing online car buying instead of in-person shopping, which makes sense as we continue to focus on social distancing, health and hygiene.
Financing a car is one of those big life events – whether you are “kicking the tires” in the showroom or on a dealer’s website.
It all starts with making sure we get the best deal possible on the vehicle we want. Then the next step is figuring out the financing and negotiating your car purchase.
We all make the best decisions we can with the information we have available to us. It is in that spirit that we share some ideas to consider when financing a car.
Getting a Home Mortgage
Wednesday, March 24, 2021
Buying a home is one of the most exciting and important decisions of your life. Before you go to an open house and get your heart set on your dream house, it’s a good idea to prepare. Knowing what you want and what you can afford, and understanding the mortgage process are all big pieces of the puzzle.
You’ll need to know your credit health and monthly budget. This will determine what you can afford.
