![]() Control debt-don't let it control you.What would happen if you lost your job or were injured in an accident? How would you pay your bills? That's why a rainy-day fund is essential, regardless of your age. Why? Look no further than the pandemic when millions of Americans were caught with a drop in income and unexpected expenses. If you're just starting out, aim for $1,000-$2,000 and build from there. Continuing the theme from point two, carve out a portion of your savings budget to build a separate emergency fund, aiming to have enough cash to cover three-to-six months' essential expenses. To keep you motivated, spell out your goals, periodically check your progress and make adjustments as needed. One great tactic is to pay yourself first by setting up an automatic monthly transfer from your checking to your savings account. Others almost have to trick themselves into doing it. A shortcut for budgeting is to use the 50/30/20 rule: This means targeting 50 percent of your income toward needs 30 percent toward wants and 20 percent toward savings. The best way to do this is to create a budget listing essential expenses like housing, utilities, food, transportation, insurance and debt payments in one column and extras such as entertainment, dining out and vacations in another. Therefore, you have to draw a line between what you absolutely need and the nice-to-haves. Overspending is super easy to do, especially with the ease of online purchases, credit cards and "buy now, pay later" offers as a constant temptation. Environmental, Social and Governance (ESG) Investing.Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds. ![]() Benefits and Considerations of Mutual Funds.
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