Give someone $1 million and don’t teach them how to budget, save, and invest – and I promise you they’ll be down to their last dollar before they retire.
You can’t save money for a new car or a new home, or a new family if you don’t know what life is costing you now.
They must be very busy people because keeping a budget these days takes only a few minutes a day. You don’t use a pencil and paper. You use your phone or computer.
An emergency fund isn’t just peace of mind. How do you start an emergency fund? Slowly. Using your monthly budget, you might set aside just $5 a week at first.
If you really want to run up the lead on your emergency fund, ask your boss or your Human Resources Department if they’ll help you.