Tag: savings

4 Ways Living in a Tiny Home Saves Big Bucks

One of the biggest expenses for many Americans is their mortgage, so downsizing can become an attractive possibility for saving money. Folks who want to take this move to the extreme might consider tiny homes an option — especially for empty nesters, retirees, singles, or small families. While not for everyone, these small dwellings can save you big bucks. Here’s how.

3 Quick Negotiations Might Save You Money Monthly

Most people believe their monthly payments are set in stone when considering budgets. Yet, as most good managers will affirm, everything is negotiable. The problem is that each obligation will take time out of your day to haggle with the person on the other end of the conversation. Fortunately, there are effective tactics you can use to speed up the process and bring the budget back in line. Here are three top places to start negotiating.

3 Side Gigs Couples Can Manage Together

Bringing in extra cash can help make ends meet or pad savings accounts regardless of the current economy, but adding more work to the day might reduce the time you spend with family. What if you could hang out with your partner while bringing in the extra dough? Side gigs make optimal use of skills and resources in many cases. Let’s look at three interesting side gigs you might start and run as a couple.

3 Things To Consider When Starting an Emergency Fund

Building an emergency fund into your budget can protect you from financial disaster and crushing debt from unforeseen circumstances, such as a car breakdown, unemployment, or a health crisis. Experts recommend saving enough to cover up to six months of expenses. That number might initially seem daunting, but focusing on these three key aspects can help you succeed.

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.