How does the Bingo Money Challenge work? This money-saving game can help you put more cash away for a rainy day, an emergency car repair, or even a vacation. The Bingo Money Challenge is deceptively simple but has the potential to save you a lot more money than you might think. How The Bingo Challenge Works This money-saving strategy is something we defined as a “game” in the opening paragraph, and it’s true; this is basically gamifying your … [Read more...]
How to Start a Side Hustle
Do you need a side hustle to earn extra cash? Want to know how to start a side hustle? There are several areas to pay attention to when trying to make extra money, and if you aren’t sure what those are, keep reading. The answers can make or break your efforts to make more money. There are plenty of blogs and magazines offering advice on specific types of side gigs and a lot of those involve going into business for yourself. Consider what … [Read more...]
Where Should I Keep My Emergency Fund?
We have all heard the recommendations - have 3-6 months worth of expenses put away in an emergency fund. But where should you keep your emergency fund? I don't know about you, but I don't really want to keep that kind of money in a jar in my cabinet. Your Money Should Be Accessible I have heard some people say that you should put your emergency fund into "safe stocks," so that you can make your money work for you. On one hand, this sounds … [Read more...]
Make Your Emergency Fund Work For You
I’m a big advocate of putting together an emergency fund. I’m not talking about that giant fund that contains 4-6 months worth of living expenses (or whatever the experts are recommending today). I’m talking about the money you set aside for unexpected expenses so that when your car breaks down, you can afford the repairs and aren’t panicking about how you’re going to find the money because you need your car to get to work. How much you save … [Read more...]
What is Emergency Savings For?
You hear about emergency savings all the time. You should put away money for emergencies. And since people so often say that you should try to save three to six months worth of expenses, it naturally follows that emergency savings must be to pay for what you need in case you lose your job, right? Definitely not! Yes, if you can manage to put away six months worth of expenses, you will be in a great place if you happen to lose your job. … [Read more...]