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6 min read

Emergency Funds – How Much Is Too Much?

By EveryIncome on 9/5/22 10:00 AM

Everyone needs an emergency fund to use should they experience the unexpected. Job loss, falling ill, or having other major financial catastrophes can wreak havoc on your finances. When you have an emergency fund set aside, though, you can focus on overcoming the emergency and not stress about how you’ll pay your bills. 

But is there such a thing as having too much money saved for an emergency? 

There could be. Saving too much for the wrong reason can cause you to feel it in other areas. Here’s what you should know.

Topics: Financial Planning Planning in Advance Financial Literacy Financial Security Emergency Savings Savings
2 min read

How to Maximize Your Savings at Your First Job

By NAIFA on 8/29/22 10:00 AM

When you land your first job, it's important to learn how to manage your income. Now is the perfect time to establish healthy spending and saving habits. Read on for tips to manage your finances with your new paycheck.

Topics: Retirement Planning Planning in Advance Lifestyle Planning Emergency Savings Savings Budgeting
6 min read

What’s the Right Amount to Save Each Month?

By EveryIncome on 6/13/22 10:00 AM

From emergency funds to retirement accounts and everything in between, it can feel impossible to save enough money each month. Even if you make more than enough money to make ends meet, you might wonder if you’re ever saving enough. While there’s no cut and dry answer as to how much you must save each month, we’ve created a guide to help you determine what’s right for you.

Topics: Financial Planning Planning in Advance Lifestyle Planning Financial Literacy Emergency Savings Savings Budgeting
2 min read

3 Essentials for Saving During Your First Job

By NAIFA on 5/20/22 10:00 AM

You are starting your career, and you know you should save some of your income. Here are some essentials to saving and helping secure your future.

Make a Budget

One of the biggest tools to help you save money is a budget. A budget helps you plan where you want your money to go. If you have never made a budget before, you can start by keeping track of all your expenses for a month. At the end of the month, examine how you are spending your money and determine how you can spend it more wisely. If you are trying to save as much money as you can, you should cut down on your expenses as much as reasonably possible. You can still live well while not spending as much.

Topics: Emergency Savings Savings Budgeting
1 min read

How to Prepare Financially for Natural Disasters

By NAIFA on 3/7/22 9:00 AM

Natural disasters such as hurricanes, wildfires, floods, tornadoes, and earthquakes can paralyze your finances when they strike. Unfortunately, many people fail to prepare financially and are caught unaware when natural disasters hit.

Here are two ways to prepare financially in the event of a natural disaster.

Topics: Financial Security Emergency Savings
3 min read

COVID-19 Is Causing Stress for Many Consumers

By NAIFA on 11/27/20 12:03 PM

According to a survey released by the National Endowment for Financial Education® (NEFE®), nearly nine in 10 Americans say the COVID-19 crisis is causing stress on their personal finances.

Topics: Financial Planning COVID-19 Financial Security Emergency Savings Savings
1 min read

3 Steps to Get Money in the Bank and Debts Paid

By NAIFA on 11/20/20 9:01 AM

You've heard it before, but it's worth repeating: we are living in unprecedented times. This is not normal. Whether you've lost your job during this time, or are feeling lucky that you didn't, the crisis certainly has made everyone take a closer look at their financial security. Would you feel steadier right now if you had a stockpile of money in the bank? Would a weight lifted be off your shoulders if you had no monthly credit card or student loan payments? You might feel like you have to choose between putting money in the bank or paying off debt, but you can have it all! You just have to do it one step at a time. Here's an easy, 3-step process for building an emergency fund while paying off debt.

Topics: Financial Planning Security Financial Security Assets Debt Emergency Savings Savings

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