In this month's Blog Rewind, we’re going to take a closer look at saving.
AUTOMATIC SAVINGS PLAN
One of the most important part of any budget is paying yourself first. This means putting aside money for general savings, emergency savings, or retirement savings BEFORE paying any bills or other expenses. A great way to do this is through automatic savings. Ideally, you should aim to save at least 20% of every paycheck you earn. However, with everything else going on, it can be difficult to remember to save. That's why setting up an automatic savings plan is a great idea.
INEFFECTIVE WAYS OF SAVING MONEY
It can be difficult to save money, but even more so when you're making common savings mistakes. Here are some of the slip-ups you should avoid to make sure you're saving efficiently.
TEACHING KIDS TO SAVE MONEY
One of the most important aspects of anybody’s finances is saving, which can be difficult, even for adults. Starting now will help your child begin the foundation that they can build their financial future upon.
TEEN FINANCIAL TOOLKIT
Even for adults, saving money can be a difficult habit to get into. However, the earlier you start this practice, the more you will benefit from it. Here are some tips for teens who are looking for ways to start saving.
SAVING AS A FAMILY
Saving money can be a difficult subject to teach your kids if it's not put into practice, especially if you aren’t practicing the same habits. However, there are things you can do as family to help teach the importance of saving money. Here are a few ideas to help you get started.
