Your savings rate is the percentage of your income that you save. You can calculate your savings rate by adding up all your savings and investments for the year and dividing it by your total income for the year. For example, let’s say you earned $50,000 in 2019 and you saved $10,000. Your savings rate […]
Saving money can be difficult, especially if you’re living paycheck to paycheck. But it’s important to start somewhere, and even small changes can make a big difference over time. If you’re looking for ways to save money, here are a few tips and tricks to get you started. Make a budget The first step to […]
When people are confident of their next paycheck, they have a predisposition to buy most of their “because I want it” items that are within financial reach (and maybe even just out of reach as well – hence the credit card). That’s because their psychic pain threshold for buying is just above their actual expendable […]
