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
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.
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 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
April 1, 2021
Create a list of money rules, including how you will handle unexpected income. For example, if you receive a bonus or tax refund, where will the money go? I recommend spending 50% and saving 50%. Then, set a time in your calendar to review the rules every six months. -Ramit Sethi, author and founder of Earnable in New York
