If you have a savings account from the local bank down the street, you’re missing out on a huge earning opportunity.
That opportunity is a HIGH YIELD SAVINGS ACCOUNT.
Everyone should have at least one savings account as part of their overall money management strategy. But knowing what type of savings account you should have can help you take advantage of interest rates 10X more than the national average or higher.
Consumerism has replaced the holiday spirit as the expected output during this time. We’ll soon see the gifts that everyone else receives, the get-togethers planned, and the magic of the holidays packaged up for young kiddos to enjoy. While no two situations are similar, it’s a natural feeling to compare your experience to others. In an attempt to empower your wallet and keep your heart in the right space, I’d like to offer a few suggestions for how you can manage your spending through the holidays.
Despite what you’ve been taught or have grown up seeing, you can spend your money on what you value. What you like. What you love.
It’s called values-based budgeting. And we’re going to show you how it works and how you can create a family budget that covers all of your bills, helps you save for the future, and keeps your money going towards the things you value most in life.
A healthy family money management system all starts with a fully-funded emergency fund. The last thing you want to do is need one after the fact and put yourself in a bad spot financially.
This post may contain affiliate links. That means if you click and buy, I may receive a small commission (at zero cost to you). Please see my full disclosure policy for details. Few people like to budget. While some find freedom in a budget, most find them too restrictive. Or too much work. The 50/30/20 budget …
Debit cards for kids are helpful financial literacy tools for teaching your children about money management. Cards are typically either tied to a checking account or are reloadable prepaid cards.
One of the most important tools we’ve used to reach our financial goals is the use of sinking funds. You may not be familiar with the term, but sinking funds are a great way to save money for events, large purchases, and other life and financial goals. Keep reading to learn more about sinking funds can help you reach your savings goals.
The pandemic has presented many new opportunities for parents to be involved in their children’s education. Although teaching fractions with baking, historical reenactments of history in the living room, and science experiments in the backyard are fun, this is also a great opportunity for parents to offer some practical and beneficial learning about financial literacy, especially with teenagers.
The best family budgeting apps help you track your monthly income and expenses and give you access to your budget anywhere, at any time. To determine the best family budgeting apps for 2023, we looked at multiple features, including ease of use, account linking, and customizable categories, so that you can make the best choice for your family.
Cash envelopes were our introduction to money management. For several years, we used cash envelopes as a way to control our spending and save money. It worked for a while, but I absolutely hated monthly trips to the bank to pull out cash. Also, let’s be honest — using cash is a pain. It just is. Using a card to make payments is so much more convenient.
