Getting a big raise is undoubtedly a reason to celebrate, but it also comes with new financial responsibilities and opportunities. Whether you’re an employer providing raises or an employee on the receiving end, knowing how to manage this increased income can make all the difference in long-term financial health. Here are some critical considerations. A sudden increase in income might tempt you to splurge on that luxury car you've had your...
Paying yourself first is a financial strategy that prioritizes saving and investing before spending on other expenses. This approach is crucial to building a solid financial foundation and achieving long-term financial goals. Here’s how you can implement the pay-yourself-first strategy when receiving their paycheck. One practical way to pay yourself first is to allocate a portion of each paycheck directly into a savings account. This can be...
When it comes to taking care of your family, there is so much work to be done. If nothing else, most people have to work to generate income. But what if something happens to you or your job? You still need money coming in to make ends meet. What can you do to guarantee that your family still has a source of income? You’ve probably heard that diversifying your investments is a good idea. Have you ever thought about diversifying your income as...
Are you tired of watching your hard-earned money disappear every month? Do you feel like you're barely scraping by, and yet there never seems to be anything left over at the end of the day? You're not alone. Many people find it difficult to save money, especially when their spending habits are out of control. Here are a few easy ways that you can protect some of your paycheck from your spending habits. One way to save money is to have your...
Change the way that you bank. Chime is one of the fastest-growing bank accounts in America. When you open a Checking Account with Chime, you will get a Chime Visa Debit Card, a Spending Account, and an optional Savings Account. Account Features Get Paid Up to Two Days Early Enroll in early direct deposit and get paid up to (2) days earlier than with a traditional bank. How to get paid early with direct deposit:
Chime is different...
