savings Tag

Usually, when people hear the word recession, it sends all types of feelings and chills down their spine. The economic definition of recession that contains all about how there has been a drop in the overall economic activity of a nation visible in the gross domestic product isn’t really interesting to a lot of people. What people typically understand as recession is a drop in the value of...

Short terms savings are funds you set aside for use in the near future. The account is meant to be used for things like emergency home repairs or unexpected medical bills. The benefit to having a short term savings is that in a few short years you can accumulate enough money to take care of your present day needs, while still putting money aside for certain long term goals like retirement....

We all know having a savings account can help you stay out of debt when an emergency or unexpected expense arises. But knowing that having a savings account is important does not always equate to being able to fund a savings account. For most people, money is tight, and people are having a hard time just paying the bills these days, let alone having any extra money left to set aside at the...

Having an emergency fund or a savings account comes in handy when you need new tires, to pay doctor bills, or make a repair to your home. Not having any money on hand to pay for things you need or to plan for the future is scary, and can cause a lot of sleepless nights. If you are short on cash or are struggling to pay more than just the minimum payment on all of your bills it is time to take...

Sitting down and making up a budget is just about as much fun as doing your taxes. But having a budget and finding ways to stick to it, are necessary parts of life if you want to have a healthy financial bottom line. Many times when a task seems too hard, it becomes easier with a little research and after you get started you may wonder why you ever put it off initially. This is true of...

Establishing a savings account is a good idea for many reasons. Maybe you need to have some repair work done on your car, pay a visit to the dentist, or have the roof replaced on your house. If you do not have a healthy savings account in place to cover unexpected expenses, you may have to resort to taking out a loan or using a high interest rate credit card. Both of these options mean you...

We understand it can be hard enough to pay your bills as they become due, much less put some money aside for retirement. But if you fail to save for the future you might be setting yourself up for working longer than your health allows, or you could find yourself having to go back to work after having retired. Many employers offer a retirement plan, and this makes it easy to save for the day...

No one wants to work forever, and most people look forward to their retirement years. But, in order to fully enjoy your retirement, you must be financially prepared. Social security will only go so far, and for many working Americans there is a real threat social security will not be available. So, what do you do? Making wise investment choices and spending less are good places to start...

Putting a little money aside every month can be hard. This is especially true if you are already on a tight budget. But, with a little discipline, you can quickly accumulate a nest egg that will be there for you in the case of an emergency. The peace of mind you gain by cutting back here and there in order to save is well worth the effort. Some savings strategies that are tried and true, and...