When my friend said she’d saved up 30k in savings last year alone, I was highly intrigued. I had to look at my paycheck a few times to figure out how someone who was earning a similar amount to me managed to set aside $2,500 per month for an entire year. I ended up just… Continue reading How To Save $30,000 In A Year
Author: cashero
The Average Amount Of Money Saved By Age
It’s never too early to practice financial discipline. Stashing some money aside in your savings is a smart move that encourages financial independence, eliminates stress around money, and avoids debt. Also, saving money allows you to have an easier time reaching certain financial milestones, such as buying a car or house. Having extra cash also… Continue reading The Average Amount Of Money Saved By Age
The Average Bank Account Balance By Age
Recent studies show that the typical American has an average of $41,700 in their bank accounts. Now, whether you perceive that amount as high or low will depend on several factors, such as your income level and tax bracket. Low-income earners might scoff at the thought of having that much money lying idle in their… Continue reading The Average Bank Account Balance By Age
Where To Put Your Savings Money
If, at the end of each month, you have additional money to put aside for the future, you should consider yourself well-off. That’s because as many as 75% of US residents are reported to be living paycheck to paycheck. But living below your means is only one part of the equation—you also need to know… Continue reading Where To Put Your Savings Money
The Meaning of Living Paycheck To Paycheck
According to several reputable sources, between 50% to 75% of Americans live from paycheck to paycheck. While the phrase is typically used to describe the lower working class, this phenomenon cuts across several income levels. Living paycheck to paycheck means you are never able to put money away in savings. It’s also true that many… Continue reading The Meaning of Living Paycheck To Paycheck
How Much Should Go Into Savings?
Depending on which source you think is most accurate, between 50 and 75 percent of Americans are currently living paycheck to paycheck. Maybe you also fall into this category. But while a strong desire to change the status quo makes a perfect start, you’ll need a lot more to get some savings socked away. Saving… Continue reading How Much Should Go Into Savings?
How Much To Put Into Savings Each Month?
Saving is anything but easy. While many Americans are aware that saving is a critical step toward achieving financial freedom, walking the walk is quite a challenge. Especially in today’s world, which is dominated by the culture of convenience. The truth is that for many people, after paying their rent or mortgage, auto loan, and… Continue reading How Much To Put Into Savings Each Month?
Short-Term Monetary Goals
Life is full of uncertainties. Your car may suddenly break down, or you may have to cover an unexpected medical treatment bill. Short-term monetary goals include not only being able to cover unexpected emergencies, but also for purchases such as a new car, home improvement costs, a University degree, a family trip away, and so… Continue reading Short-Term Monetary Goals
How Much Time Does it take for SWIFT Transfer?
Whether you’re a student, a globe-trotter, an entrepreneur, or a stay-at-home mom, you’ll most likely need to make an international money transfer at some point. In a time of technological advancement, wire transfers provide consumers with instant or at least quick financial solutions. Unlike checks and deposits that can be held by banks for days,… Continue reading How Much Time Does it take for SWIFT Transfer?
How Much Money Can You Have in Your Savings Account?
When it comes to answering the question: how much money can you have in your savings account, the answer, more often than not, is as much as you like. There is rarely a limit to the amount of savings you can have, be that in a single account, or split across multiple banks. That isn’t… Continue reading How Much Money Can You Have in Your Savings Account?
