2024 Minimum Wage Increases: How to Maximize Your Income
We know people are struggling to make ends meet. Many SaverLife members have shared that their wages aren’t keeping up with skyrocketing inflation. But in a long-overdue positive change, 24 states are finally taking action in 2024 to increase the minimum wage for their residents, affecting an estimated 10 million workers. What is minimum wage,…
Read More3 Ways the 2024 Primaries Affect Your Finances Plus Some Can’t-Miss Voting Tips
The 2024 Election Primaries are kicking off, and it’s hard to turn on the news without hearing about it. Even so, the primary elections typically have low voter turnout. But did you know they could have a big impact on your finances? In this article, we’ll explore how the 2024 primaries could affect your budget,…
Read MorePending Tax Legislation Could Affect Your 2023 Child Tax Credit (CTC)
At SaverLife, we strive to be an ally to our members by keeping them up to date on legislation and policies that could impact their financial health. This way, SaverLife members like you have the facts necessary to make informed financial choices now and down the line. Proposed legislation called the Tax Relief for American…
Read MoreHow to Get Transportation Assistance and Build Transportation Costs into Your Budget
When money is tight, the last thing you need to worry about is how you’ll get to a job interview, work, or the grocery store. But this worry is common. Transportation costs are typically the second largest spending category in a person’s budget. In fact, SaverLife found that, on average, our members spend 25% to…
Read MoreYou Could Still Qualify For Student Loan Relief Despite Supreme Court Student Loan Forgiveness Decision
If you’re like many Americans, the Supreme Court’s decision to strike down President Biden’s student loan forgiveness plan probably hurt – emotionally and financially. The Court’s decision was a big blow to financial health in America, but don’t get discouraged yet. The Biden Administration is still working on student loan relief options. Today we’ll explore…
Read MoreHow to Prioritize Savings To Meet Your Financial Goals
There’s a Jamaican proverb that says, “Save money, and one day money might just save you.” Valuable advice. It’s necessary to save some of what you earn for the future because you’ll need the money down the line. But, as you look to start saving, there are so many different goals and personal priorities that…
Read More6 Hidden Costs When Buying a New or Used Car
When you think about big financial purchases, one thing that typically comes to mind is buying a car. Whether you’re buying a car new or used, there may be associated costs you haven’t considered. These additional costs can be considered hidden costs of buying a car. Whether the car is new or used, it’s important…
Read MoreHow to Get Childcare Assistance and Build Care Costs into Your Budget
One of the largest expenses parents may face, especially during the first few years of their child’s life, is childcare. According to Illumine, the average cost of childcare in the US is $14,760 per year. While this cost does vary from state to state, it’s clear that the cost to cover childcare can put a…
Read MoreHow and Why You Should Price Comparison Shop Utilities
Whether you rent or own your home, a large portion of your monthly housing budget probably goes toward paying your utilities. Utility bills like electricity, natural gas, water, sewer, trash, streaming services, and internet and phone bills, on average, cost Americans roughly $500 a month, according to a study by Move.com. These expenses can add…
Read MoreWhat to do When You Get Behind Paying Utilities Like Your Electric and Water Bill
Sometimes, keeping up with all our financial obligations is a struggle. With such high inflation, our money doesn’t go as far as it used to, and it can be a challenge to stay on track financially. In fact, in 2022, one in six Americans were behind on their utility bills. If you find yourself behind…
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