What does saving mean to you?
At SaverLife, we talk a lot about how important it is to save. But defining what it means to save is surprisingly difficult! Consider this scenario: You transfer $5 from your checking to savings account every week all year. At the end of the year, your car needs some repairs. You withdraw all the money…
Read MoreHelp is out there! Resources for when the unexpected happens
Few words describe the human experience better than the quote by writer and cartoonist Allen Saunders: “Life is what happens to us while we are making other plans.” We all know this is true, so what can you do when things don’t go according to plan? Sure, an emergency fund can give you a sense…
Read MoreHow can I manage money with a partner who has different money habits?
Do you have any advice for managing money and budgets with a partner who has a different view of spending and saving than I do? Submitted by anonymous. Ah, love and money! This can be blissful or stressful. For many people, money can make or break your relationship. It is pretty common to partner with…
Read More3 Steps for Recovering from a Financial Setback
What happens when you have a financial setback? You may feel defeated and even hopeless when your efforts to save take a hit. Saving helps prevent financial emergencies Consider this: many of the financial hiccups we face are NOT actual emergencies. For example, we know that if we own a car we are likely to…
Read MoreHow to Get Back on Track After a Financial Emergency
Let’s talk about what to do when the emergency hits. We aren’t trying to bum you out, but the fact is, we are all likely to have a financial shock. What happens when you have to use your emergency fund? First, pat yourself on the back for having the funds, and then strategize. Using your…
Read MoreHow to Pay Down Your Debt
“The ONE aspect of our financial lives that causes the most distress” (cue Jeopardy music) “What is DEBT?” Correct! Yup, you guessed it (or maybe you’ve lived it). The “right” way to pay off debt is a constant source of confusion. Even financial experts can’t agree on the best approach to tackle this debt trap.…
Read MoreAre You On Track? Reevaluating Your Financial Priorities
Crash Course in Financial Flexibility Our lives are complex, and that’s usually a good thing because it keeps life interesting. But when it comes to our money, the more complex our situation, the more challenging it is to manage competing priorities. What’s the Opportunity Cost? We suspect you have more than one thing you want…
Read More4 Fun Ways to Boost Your Savings
We encourage you to boost your savings AND your confidence by trying one of these savings tips for a week. It really doesn’t matter which savings boost you choose for your stretch goal. Just remember to check in at the end of the week to see how you did. If you like the results, keep…
Read MoreWhy You Need an Emergency Fund (and How to Start One)
What gets in the way of accomplishing financial goals? Picture this: you’re chugging right along making all the right moves to achieve your financial goals then… BAM! Something happens (A car accident? A root canal?) and you must come up with some cash to deal with it. You need emergency savings to handle unexpected situations…
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