How to Prepare for a Family Financially

Black family of 3 all wearing blue jeans and white tops while smiling and teaching their daughter how to ride a bike

Since we know that everything affects everything, let’s talk about how our financial lives are impacted by our families. Over 80% of SaverLife members live with at least one other person—be that a parent, child, partner, or roommate—and even if you are single, you may have heard that having a baby can really break the…

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“Pay Yourself First” – Your Savings Mantra

Focus on You. Pay Yourself First. Have you ever thought, “I’ll pay all of my bills and save what’s left”? Well, how much was left? When we wait to save until the end of the month, we usually learn that we have more month than money and there is nothing left. We challenge you to…

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What is Lifestyle Inflation?

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Have you noticed that even when your income increases, it can feel like you still don’t have more money leftover at the end of the month? That’s because often, when our income increases, our expenses do too. This is a very real phenomenon called lifestyle inflation. It can sneak up on us despite our best…

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Can I transfer my HSA to another financial institution?

I have a HSA through my company. I don’t like their services and investing options. Can I transfer some of the funds I have to a new account at another financial institution? Submitted by Sudawan K. Take a moment and pat yourself on the back for planning ahead for your medical expenses. Not everyone does,…

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Can I file taxes if my income was only SS and SSI?

Submitted by Veronica C. Living on only social security income tells me that you are resourceful and doing a good job managing your money. (SS is the benefit that you pay into during your working years and SSI is supplemental income designed to provide additional support for specific situations.) This question is tricky because I’m…

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Three Calming Strategies for Managing Money Anxiety

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Mo’ money, mo’ problems? It’s one thing for The Notorious B.I.G. to say, but if you’re experiencing financial stress in your daily life, you’re not likely to agree. When you feel like you can’t make ends meet, it may seem like money is the cause of (and solution to) all your challenges. Here are a…

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