How much income is enough?
How much income is enough? Submitted by Charles A. We would all like to know this! What is the income we need to lead a happy life? To find the true answer to this question, let’s take a tour of our personal habits. Enough? For who? Where? With what lifestyle? Will it be enough forever…
Read MoreMichael’s Story: Make Your Money Work For You
Meet Michael, a substance abuse counselor who lives in San Diego, California. What do you do? I’m a substance abuse counselor. I’ve been doing it for about two years now – midlife career change. Unfortunately, it’s one of the fastest growing professions in the US, which doesn’t bode well for us. What did your upbringing…
Read MoreNicole’s Story: Live on Less Than You Earn
Meet Nicole, a social worker and mother of two in Atlanta, Georgia. What do you do? Right now, I’m working in logistics, but I was a social worker for a very long time. When I got married and had my kids, I took a break from social work because it’s a very involved career. So…
Read MoreHow Can People on Government Assistance Save for Retirement?
“Where are the best places for people on state assistance to start saving for retirement? I’m looking for something with low starting balances and low monthly transfers to the account. Do you recommend any financial companies, savings accounts, government-issue bonds, stock market?? I am so confused!” Submitted by Jessica L. I want to acknowledge your…
Read MoreMaking Your Money Work for You
Hi, I’m Saundra Davis, financial coach here at SaverLife. Today we’re going to talk about how you make your money work for you. What is a budget? If you ask, “Do you have a budget?” many folks will say no, they don’t have a budget. The fact is we all have a budget, whether we know it or…
Read MoreWhat apps do you recommend to track your spending habits?
This is the interface of You Need a Budget, one of the budgeting apps I’m trying out currently. What free or low-cost software/apps do you recommend to track your spending habits? There are so many out there to choose from and some are overly complicated and others require too much work. Submitted by Brittany.…
Read MoreFour Myths about Personal Finance
There are a lot of financial myths out there that simply aren’t true! Making good financial decisions starts with having the correct information you need to make those decisions. I’m going to go through four common myths about personal finance to get to the bottom of those misconceptions. 1. “Paying rent is throwing away money.”…
Read MoreCut Your Expenses with a Savings Scavenger Hunt!
If you review your spending over the last month, you can almost certainly find one regular expense you can reduce. Then you can put the money toward savings instead. Grab a snack, put on some good music, and get your bank and credit card statements from last month (go ahead, we’ll wait)… Okay, scan through…
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