Learn how to live the frugal life with our helpful hints and tips.
1. Job Loss Whether you are unexpectedly laid off or fired, or you have to leave a job for personal reasons, living without a paycheck is extremely stressful. You need a stash of cash to make ends meet between jobs. 2. Hours or Salary Cut Maybe you still have a job, but your salary or […]
Originally published on moneytips.com on March 29, 2018 The idea of being rich appeals to most of us. What’s not to like about a world where your only money trouble is how to spend it? Plus, in a world where money is plentiful, you’re free to do all kinds of exciting things most of us […]
If you have any doubts that a college degree is an investment in your child’s financial wellbeing, these statistics should put them to rest. According to CollegeBoard’s most recent study, a person with a bachelor’s degree can expect to earn 66% more in wages over a lifetime than someone with only a high school diploma. […]
Start creating these 10 habits to become a highly successful saver. 1. Making Savings a Priority Put aside a certain amount each month for your savings account, and make it automatic so you don’t even have to think about it. 2. Not Spending Your Raise This is one of the best opportunities to pay off […]
If you have less than $500 in your savings account, you are not alone. According to one Bankrate survey, 63% of respondents do not have $500 in savings to pay for an unexpected expense such as a sudden car repair or medical bill. While having low savings is common among Americans, you may be surprised […]
If you make hefty student loan payments each month, you’re not alone. The average monthly student loan payment for borrowers in their 20s is $351—more than $4,200 per year. That’s a lot of fancy computers, tropical vacations, and down payments sacrificed. The good news is that higher education is almost sure to boost your lifetime […]
If you’ve come across extra funds thanks to hard-earned savings, a tax refund, an end-of-year bonus, or a particularly generous gift, spending your money on experiences instead of objects is one of the best choices you can make—assuming, of course, you are out of debt and on schedule with your emergency savings and other financial […]
Health Savings Accounts (HSAs) are a means of helping Americans save for future healthcare and medical expenses. The incentive for doing so is the money you save on costs you will have to pay anyway. First created in 2003, an estimated $42.7 billion is held in over 21 million HSA accounts less than 15 years later. If […]
Not surprisingly, opinions about how, why and when to give kids an allowance vary widely. Many articles, particularly those on sites devoted to personal finance, tout the benefits to helping kids gain an early grasp of financial literacy. When done right, they argue, teaching kids to manage their own money, to earn, spend and save […]
There are lots of ways to save money. Most, if not all of them, require some degree of steadfastness and discipline. You can resolve, for example, to hold off buying yourself any new clothing or housewares for a set period of time. You could pledge to never buying coffee or water out or tossing all […]
© SafetyNet 2019. All Rights Reserved..
CUMIS Insurance Society, Inc.
