Save More

How Much of Your Salary Should You Save?

/
How Much of Your Salary Should you Save?

There isn’t a one size fits all answer to the question, “how much of your salary should you save?”. It really depends on your financial goals, how much you currently have, how old you are, and what your appetite for risk is.

If you are in your 40s, don’t have any money saved to date, and have a low risk tolerance, you’re going to need to save much more than someone in their 20s who already has $100,000 and is willing to invest in riskier and higher returning investments like stocks.

Ideally, you should save as much as possible to be in the best position to achieve your financial goals. Learn how below.

How Much of Your Salary Should You Save? Read More »

Benefits of Managing Your Budget Effectively

/
Benefits of Managing your Budget Effectively

Most people know what a budget is and have some idea of why it’s important, but are reluctant to start one because it requires a little extra work.

The benefits of managing your budget effectively far outweigh the little work required to keep one. If you’re serious about improving your finances and achieving your financial goals, you absolutely need to start a budget and start being intentional with your spending.

Benefits of Managing Your Budget Effectively Read More »

Reasons Why it is Important to Start Saving Money

/
Reasons Why it is Important to Start Saving Money

Like most young adults, when my wife and I left college, we had little to no assets and made entry level salaries at our jobs. Back then, we barely made enough money to support ourselves, much less save money for the future.

Over the years, however, we’ve been able to slowly build up a small savings account and several different retirement accounts.

We’ve experienced first-hand the peace of mind associated with having an emergency fund (savings account you use for financial emergencies) and the excitement of watching our retirement accounts grow to something substantial. When we started seeing our retirement accounts grow over time, it motivated us to invest even more.

Because we’ve experienced both the pain and frustration of not having any money saved and the benefits of saving money, I’d like to share the reasons why I think it is important to start saving money.

Reasons Why it is Important to Start Saving Money Read More »