In the past several weeks, the number of cases of COVID-19 in the United States has risen dramatically. As a result, local, state, and federal officials are frequently updating guidelines as they determine what has to happen to help keep Americans safe. Good hygiene, such as frequent handwashing, is necessary to help protect against the virus. This is good advice, but another critical step to limit the virus’s spread is social distancing. This means staying away from other people. That could … [Read more...]

While it may be a common practice to live paycheck to paycheck, that doesn’t mean that it should be accepted. In the age where cash continues to fade away and swiping is the norm, it can be easy to rack up debt with no end in sight.  By making a few adjustments you can improve your finances, and most importantly, avoid going broke that can set you back not only now, but sacrificing your future when you are finally ready to walk away from work and will need every dollar. Build an Emergency Fund A … [Read more...]

If you all of a sudden had a large expense come up such as an auto repair, vet bill, or a household appliance breaking down, how would you pay for it? Likely you would put on a credit card and begin making payments monthly until it’s paid off, which depending on the balance, could take months or even years. If money is tight as it is, you don’t want to add more monthly obligations, so it’s a good idea to create an emergency or rainy-day fund if it sounds better, building up to a few months of … [Read more...]

Now while putting together a list of passive income ideas will certainly help put extra money in your wallet, it’s the rest of your spending behavior that should be put into question.  Cutting a few corners and changing up some of your previous spending efforts not only will free up extra money that much, but a long string of solid financial behaviors going forward can put more of your hard-earned money in good places, such as building up an emergency fund, paying off (and staying out of ) debt, … [Read more...]

While sure, blowing your money on car accessories for girls might be a waste of money if those purchases aren’t a need and money is tight as it is, but I’m guessing that wasting money goes a little deeper than that.  Saving money might not be the first thing on your mind when it comes to your money, or retirement for that matter, but the truth is, time goes by fast, and even though it may even be decades before you retire, the earlier you can start saving, the better, as your funds will have … [Read more...]

While insurance can help you be prepare in case of emergency, and to some extend for the future of your family members if something tragic were to happen to you, it’s how you handle your day to day finances that can really set you up for success.  Sure, it may be decades away until you do finally retire and continue to enjoy life without the responsibility of work, but the earlier you can prepare, the better, as your nest egg can continue to grow over time.  Now is the time to get your finances … [Read more...]

Before you go reading the sep ira rules to invest your money, you want to ensure that your hard-earned money is going to the right places, so it can be a good idea to take a look at your whole financial picture.  In order to examine every dollar that is coming in, and more importantly, going out, you can pull last month’s credit or debit card statement and actually go line by line to see what your purchases were, so you can begin to make changes to reduce unnecessary expenses and free up extra … [Read more...]