March 8, 2021
Create shorter-term goals. If $3,000 is one month of expenses, set a goal to save 5% to 10% of that monthly or break it up into weekly deposits. -Jeff Donham, Wealth Adviser, the Colony Group, Richmond, VA.
February 28, 2021
Save all your $10 bills. Then go to the bank monthly and deposit them in an emergency savings account. -Sophia Bera, Certified Financial Planner at Gen Y Planning, Austin, Texas
February 11, 2021
Get paid for online surveys. The next time you’re watching your favorite show on Netflix, multitask by completing online surveys of product reviews. Sites like Opinion Outpost, Swagbucks or Global Test Market will pay for your feedback. -Malcolm Butler, President and CEO of Fiduciary Group, Savannah, Ga.
February 5, 2021
Make sure you take advantage of the commonly overlooked fine-print benefits at work, including reimbursements for backup child care, gym memberships and cellphones. When you get those reimbursements, transfer them to your emergency account. -Nathan Barbakoff, Financial Adviser at Bleakley Financial Group in Fairfield, N.J.
January 27, 2021
Places like Facebook Marketplace, Craigslist, Poshmark, etc. allow you an easy avenue to sell unnecessary items. Use the proceeds from these sales to build an emergency-savings fund. You can sell something once a month, thereby continually contributing to the fund. -Daniel Milan, Financial Adviser and Managing Partner of Cornerstone Financial Services, Southfield, Mich.