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March 25, 2021
Pack a lunch for yourself one or two days a week and put at least $5 per meal into your emergency savings. -Andrew Crowell, Vice Chairman of Wealth Management at D.A. Davidson, Los Angeles
March 18, 2021
Look at the deductibles on your auto and homeowners insurance policies. Many people have deductibles that are much too low given their claims history and could save hundreds or even thousands of dollars annually on premiums if they increased their deductibles. Also, consider eliminating collision insurance if your car is older. Your insurer may issue a prorated premium refund. Redirect that money (and the additional premiums you would have paid in the future) into your emergency fund. -Evelyn Zohlen, President of Inspired Financial, Huntington Beach, Calif.
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.
