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
Category: Tips
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
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
Can I Use My Debit Card in Another Country?
A debit card is essential to bring when traveling, both domestically and internationally. Many travelers ask if they can use their debit card in another country. Debit cards generally work internationally, thanks to the massive global networks of Visa and Mastercard (and other financial service companies). That means that you can use your card to… Continue reading Can I Use My Debit Card in Another Country?
Should You Have all Your Money in One Bank?
Deciding whether you should have all your money in one bank or single financial institution is difficult. On the one hand, you have the convenience and loyalty perks that staying with a single place offers, but on the other hand, you have the perks of different businesses working with your money. In truth, it all… Continue reading Should You Have all Your Money in One Bank?
Can I Make a Direct Deposit To Someone Else’s Account, And What Are Other Options?
When Americans need to send a friend or family member money, they usually write a check, initiate an electronic funds transfer, or send money through a digital payment provider. While all these options can get the job done, they come with varying drawbacks. If you’ve transferred money through payment apps before, directly depositing the money… Continue reading Can I Make a Direct Deposit To Someone Else’s Account, And What Are Other Options?
How Much Money Should I Keep in My Bank Account?
Keeping money for a long time in the form of cash is not the best idea, as cash depreciates due to inflation. Thus, to avoid losses, it is recommended to use financial institution products to save and sometimes, to increase savings. The best option would be to have a percentage of your income in a… Continue reading How Much Money Should I Keep in My Bank Account?
How can I Avoid Western Union Fees?
Transferring money either locally or abroad is easier than ever, although the difference in costs between the best and the rest is substantial. The best way to avoid Western Union fees is to shop around and check out other transfer options with lower charges (and potentially better rates). It’s also well worth considering our tips… Continue reading How can I Avoid Western Union Fees?
What is the Best Time of Day to Exchange Currency?
Currency trading is conducted within a specific set of working hours. The trading week begins at 5:00 pm EST on a Sunday and ends at 5:00 pm the following Friday. The best time to exchange within this window varies depending on a set of different factors, however, the optimum time to trade is when the… Continue reading What is the Best Time of Day to Exchange Currency?
