Looking for a way to automate your savings? Finally got your budget down and ready to customize your savings plan? Do you have a trip planned with friends and are looking for a way to save together? If you answered yes to any of these questions, then Qapital may be an app for you!
If you are just starting to create a budget, then the 50/20/30 rule is a great place to start. Instead of thinking of all categories which your spending and savings go to, allocate your after-tax income in the following 3 categories: essential expenses, financial priorities, and lifestyle choices.
Traveling is one of my favorite pastimes! It’s always great to get away and enjoy new scenery, food, and people. Since I love traveling I have made it a priority in my budget.
Finding a flight deal is one of the easiest ways to cut down expenses on a trip. Just last year, I purchased a round trip flight to DC for $100 and helped a friend find two round trip tickets to Atlanta for less than $80 total! Flight Deals are not only available for domestic flights, but they are also available when flying internationally.
Below are 4 tips on finding inexpensive flights:
Have you wanted to get in to investing but don’t know where to start? Do you have trouble saving the amount to reach the minimums to invest in individual stocks or mutual funds? Have you recently become interested in getting your feet wet in the market but not sure where to start? If your answer is yes to any of those questions, then Acorns is a website that you should check out! Here are the basics:
Goal: Invest spare change automatically from everyday purchases into a diversified portfolio. This is accomplished by linking your checking, savings, and even credit card accounts to their website. Then each purchase will be rounded up to the nearest dollar and invested in a portfolio designed for you.
Let’s face it. Saving isn’t one of the most exciting things to do. After working hard, most of us would rather take a vacation or buy a shiny new gadget right? Although saving may not be fun, it is well worth it to save financial stress down the line. This is where an emergency fund comes in!
Things happen in life where you realize you need to cut back on expenses. This happened to me last summer. Long story short, my monthly expenses were going to increase by about $150 a month. Although $150 a month doesn’t seem like a whole lot, times that by 12 months in a year and you have a yearly increase of $1800. Once the increase of $1800 per year really sunk in, I realized I needed to do something to lower my other expenses.
My first and best attempt at cutting back on my expenses was tackling my auto insurance. Despite my clean credit report and driving record, my monthly policy was $135. I immediately got to work to try to lower the bill.