Image via Wikipedia It's no secret that things can happen randomly and without warning. For this reason, it is always a good idea to have a certain amount of money saved. Whether it's to hold you over until you find a new job or to cover an unexpected medical issue, creating a family budget for emergencies is something every family should have. The biggest problem with this, whether in times of economic turmoil or not, is that most families simply don't save enough money for those unexpected expenses. So, how can you make sure you have enough in your savings? There are a few simple … [Read more...]
About That Clunker in the Garage…
Owning a second car can be expensive. Sure, you might get a bit of a discount on the insurance if you insure both cars with the same provider, but you still have to pay more than if you just had one car. You also need to pay for gas, maintenance, repairs and air freshener trees. That's a lot of money. Is the cost justified? Could you get by with one car? Is there anything more worthwhile that the car could be used for other than eating money and occasional runs to the store? Yes. In fact, there is a much more worthwhile use for it. Kars for Kids gives you a $500 tax write-off for your car, … [Read more...]
Living With Your Money
Most people wish they could live a life where money wasn’t an issue. They could spend frivolously without any consequences. However, if you live like most of the world does, your problems are more along the lines of keeping all of your bills paid, while you save up for the bad situations that are inevitably going to happen at some point. And unless you seriously think you're going to win the lottery, you should invest in your retirement, too. First, you need to record what your fixed expenses are each month. This way, you can compare this to your income, and determine what you have to set … [Read more...]