Rent or Buy? This decision can save $100-$500 or more each month! #WMW16
In some areas of the country, you can save thousands of dollars a year just by making the decision of renting or buying. Never follow the advice of "it's always better to own". THAT'S NOT TRUE!! And, many of us found that out in 2008 or after. So what do you need to know to just if it is right for YOU. Here are some key "tests" to judge for yourself. Check Your Local Economy - Some places are hot markets right now, and it makes it so tempting to buy a home "before they are all gone". It's like a fire sale, but don't get sucked into the crowd mentality. Get a calculator, and figure it out for yourself. For example, let's say homes are selling for $100,000 in your area -…
How To Build an Emergency Fund ->> FAST!! #WMW16 @WomensMoney
#WMW16, Budgeting, Goals / Taking Action, Money in Your 20s/30s/40s/50s/Retirement, Saving & Investing, Women's Money Week
If you don't have much or any emergency savings, take heart. You're not alone. According to Credit.com, many people aren't adequately prepared to manage paying for an unexpected expense or emergency. According to the Federal Reserve's 2014 Survey of Household Economics and Decisionmaking, 47% of Americans say that they wouldn't be able to cover a $400 emergency expense. That often leads to maxing out credit cards, taking out expensive short-term loans, or worse.Here's a few tips to help you start and build an emergency fund in the fastest way possible (other than scoring a major windfall).Start Focusing on the "Inconvenience Fund"As the study mentioned, most Americans can't afford an unexpected $400 expense. This often times isn't even considered a true emergency...it's mostly an "inconvenience" like car tires, parking ticket, unexpected…
5 Tips for Business-Like Budgeting for the Home #WMW16 @barbfriedberg
#WMW16, Budgeting, Entrepreneurship / Making Money, Money in Your 20s/30s/40s/50s/Retirement, Women's Money Week
Successful businesses have one thing in common: they are good with their money. If you want to maximize your money at home, you should take a business-like approach to budgeting. Here are five things that successful businesses do well, and tips to help you do the same!Read More >>Submitted by Barbara FriedbergBy staff columnist, Alexandra Deluise
How to Save for Retirement as an Entrepreneur – #WMW16 @BrightwaterFin
When I asked a group of local working moms, many who are self-employed, about their money and financial planning questions, the very first question was around saving for retirement:When I left my corporate position to become self-employed, I sacrificed contributing to a [company-sponsored] 401(k). I know I could pursue a self-employed 401(k), but I have no idea how that works. I don’t get matching now and it makes me wonder if it’s even worth it. My husband is saving to his. Do I need to resume, too? So, my question would be – do you recommend any options? Is there a bare minimum someone should save?Read More >>by Cathy Derus
10 Things You Shouldn’t Pay For – #WMW16 @simplysavemn
One of my favorite sayings is, “Don’t pay for what you can get free.” Legally of course. There are tons of things we pay for that we could get free, but we either don’t think about it or don’t know about it. Here are some ideas for you of things you shouldn’t pay for.There are tons of things we pay for that we could get free.Read More >>by Heather Shue
What Should a Freelance Consultant Charge?
Setting a Price on Yourself as an EntrepreneurWe all want to make more money, yet setting a price on yourself as an entrepreneur is not an easy task. One of the most difficult things to do when starting off in entrepreneurship, however, is deciding your worth. Whether you are selling a product, your knowledge, or your time, setting a fair price for your services is essential.Read More >>Submitted by Barbara FriedbergBy staff columnist, Alexandra Deluise
Women’s Money Week Voices Financial Concerns Facing Women #WMW16
FOR IMMEDIATE RELEASE Women’s Money Week Voices Financial Concerns Facing WomenLas Vegas, NV, March 3, 2016-- Women continue to fall behind men in nearly every category related to finances - from investment practices, to savings, to salaries. Women's Money® Week 2016 (#WMW16) aims to close these gaps by encouraging women and men to raise awareness for important money-related issues impacting women and their families. This fifth annual Women's Money® Week takes place next week, March 7th - 11th, 2016, and coincides with International Women's Day. During Women's Money® Week, personal finance journalists, broadcasters, and bloggers are joining together to raise awareness about women’s money-related issues as they share resources, information and experiences. The Week will feature five personal finance topics, one daily, and participants will contribute their knowledge and experiences on…
