No matter what’s happening in the nation’s economy, most people would be happy to find some extra money hidden way back in a dresser drawer or inside the pocket of last year’s winter jacket. What if you had cash or property somewhere and didn’t even know it was missing? The National Association of Unclaimed Property Administrators reported that 1 out of every 10 people in America has “unclaimed property or money.” Here’s how to find out if that’s you.
Author: Deb
What Is a Sinking Fund and Why Have One?
A sinking fund is a tool to save money over time for a big purchase in the future. You create a line item in your budget for the expense, like a vacation, car, or down payment on a house. You “sink” a bit of cash into the fund when you get paid. Eventually, the money accumulates, and before you know it, you’ll have the means to afford the planned item without experiencing a massive impact on your monthly financial obligations.
How and Why To Calculate Your Personal Net Worth
Checking your net worth regularly is one way to monitor your overall financial health. The calculation goes far beyond the balance in your bank account, incorporating your assets and any debts you owe. Thankfully, the process is simple: capital minus liabilities.
3 Ways To Save on Your Grocery Budget
Everyone’s budget contains two types of expenses: fixed and variable. While you might have little control over bills set in stone, the others are a bit more flexible. Groceries provide a great example of an expense with considerable wiggle room. Here are several ways you can get the most out of your shopping trip while saving money on food.
4 Reasons You Need To Try a Spending Freeze
Working to get your finances in order can be a challenge. Building a budget, accounting for savings, retirement, emergencies, and increasing prices might overwhelm even the most financially savvy individual. A spending freeze could be just the thing to get you back on track, but how?