what is a bank CD? They are a savings vehicle offered by banks that provide a fixed interest rate at a higher percentage than a regular saving account
How to negotiate used car price: Understand the numbers, begin negotiating, counter offer, review the price, test drive the vehicle, sign the deal.
How to buy a used car? Use a budget, shop for your ideal car, contact a reliable seller, check the car’s history, test drive & complete the paperwork
How To Save Money On Groceries? Use a grocery list, stick to a budget, plan your meals, buy in bulk, pay with cash, use coupons, purchase frozen.
How to stop spending money. Create a budget, use your credit card responsibly, set boundaries for yourself & be cautious of your triggers.
What is a sinking fund? A sinking fund is simply a strategic way of putting money aside each month. They work like this: you save as much as you want for a given period of time and for a specific purpose before you spend that money on a one time or irregular predetermined expense.
How Much Should I Have Saved?
You should aim to save one times your salary by 30, you should aim to save three times your salary by 40,
You should aim to save six times your salary by 50, and you should aim to save eight times your salary by 60.
Minimalism as a lifestyle is based on the concept of ‘less is more’. It focuses on a life that is intentional and allows you to develop healthy habits to take you forward in life.
The main budgeting categories include; housing, transportation, food, utilities, insurance, medical, paying yourself first, personal spending, entertainment and miscellaneous.
How to achieve financial freedom: begin with creating a plan, change your mindset about money, save as much as you can, learn how to manage money, invest, live within your means, pay off debt, make a budget, create a side hustle and develop a habit of tracking your spending.
Understanding how to save money for college is important to ensure that you are set up financially for the future and you don’t need to go into debt.
There are many money saving tips that help you to save more money. They include, automating your savings, track your spending, save your change, try the money saving challenges, use the cash envelope system, contribute more towards your retirement, implement the 24-hour rule and so much more.
These tips to save money will help you when broke: Keep track of your monthly expenses, lower you cell phone bill, buy generic brands, save your change, pay yourself first, remove temptation, use cash for payments, eliminate cable and so much more.
Many people wonder how credit card interest is calculated. There are three main items that make up the calculation of the interest on your credit card. These include: annual percentage rate, average daily balance and interest charged calculation.