These unexpected expenses are exactly why having an emergency fund is crucial. An emergency fund – or cash that you set aside specifically for an unexpected expense – can be a lifesaver when your routine bills are due in the wake of another expensive emergency.
Recession fears are growing the possibility of being tossed back into the job hunt is a reality for so many. If you find yourself in hard times, turn to these online resources to get back on your feet.
One of the most common stressors in life is money. Financial strain and unexpected expenses can cause people to experience a lot of stress. However, just as you would when facing any other type of stress, it’s vital to focus on what you can control in a difficult financial situation rather than what you can’t.
Budgeting is the number one way to gain control of your finances. Simply put, budgeting is a plan of spending based on your current income and goals.
Imagine a worst-case scenario: An ugly recession hits, and you are sitting helpless in a vulnerable industry. Waves of layoffs hit your sector, and you suddenly feel the weight of your high-interest debt bearing down without an emergency fund to support you.
Your financial budget is a lot like having a carefully-laid road map – you know what to expect at every turn because you’ve already planned for it by looking ahead at your future needs.
There’s no denying the little hit of joy we get when we say yes and break out our credit cards. Marketing today is powerful, and fighting a 1.7 trillion dollar industry is intimidating. They use the power of psychology to get you to spend, so let’s fight fire with fire. Here are a few tips for leveraging your psychology to reduce your spending.
When times grow hard, wallets get tighter. Financial insecurity can lead to increased stress, anxiety, and even depression.
One of the most common types of stressor is financial issues. When you’re experiencing problems with your finances, you are likely experiencing a myriad of other issues connected to them – for example, you may also be worried about your health, your family, or your career.
If the current economic situation isn’t making you pinch your pennies yet, it’s only a matter of time. Everyone goes through hard financial times at some point, and right now a lot of people are in that position
