It can be difficult to establish a hierarchy of savings. What should come first when you are paying yourself? Three basic areas represent parts of your life that need financial attention; your retirement fund, your money set aside for emergencies, and debt repayment. The last one doesn’t sound like you are paying yourself--at first. But debt management is an important part of establishing financial freedom. Emergency Fund: A Savings Account You … [Read more...]
5 Strategies For Increasing Net Worth
Are you looking for strategies for increasing your net worth? You’ll read a lot of blog posts out there purportedly offering “strategies” but then just give you the same old standard advice with absolutely ZERO specifics. One blog I read on the subject, one that specifically used the word “strategies” in the headline, offers pearls of wisdom like this: “It takes more time to make money than to spend it.” But wait, there’s MORE: “...the … [Read more...]
How Can Saving Money Affect Economic Growth?
How can saving money affect economic growth? It depends on what you mean by the question; there is personal economic growth and the kind of growth that happens under a national economy. This question isn’t twofold; they are really two entirely separate issues. How Saving Money Can Affect A National Economy There are scholarly studies about the effects of saving money on the national economy; one cannot underestimate the power of the ebb and … [Read more...]
4 Money Challenge Ideas For 2020
Good news if you need to find FUN money challenge games to help save money in 2020--the only real limit is your imagination. How much you save is only one consideration for some money challenges in 2020, getting more value out of your money is also a concern. Some people like to take the word “challenge” in the phrase quite literally, so if you are the competitive type, keep reading as there’s one just for you. The 52-Week Money … [Read more...]
How Does The Bingo Money Challenge Work?
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...]