Budgeting & Saving - Page 7 of 8

Top 5 Credit Cards of 2021

Post author:Hyder A.
Post published:February 5, 2021

Whether you are looking for the most points, most cash back, best balance transfer options, or lowest interest rates, here is a list of the best credit cards available in 2021. Best for 0% Intro, Balance Transfers & Velocity Banking Citi Bank Diamond Preferred Intro APR:0% for 18 months on Balance Transfers0% for 18 months on PurchasesRegular APR: 14.74% - 24.74% (Variable)Annual Fee: $0Brand: MasterCardBalance Transfer Fee = $5 or 3%, whichever is greater.Features:Free access to FICO® Score online.Citi Entertainment®…

Take the Frugal February Challenge

Post author:Hyder A.
Post published:February 1, 2021

Frugal February has been around for years in the finance blog community. The idea is that you use the short month of February to recover from your holiday expenses, hence the name Frugal February. I challenge you to reduce your overall monthly expenses by 50% this month. Here are 6 ways you can meet this challenge. Track your spending - This is easy to do with one of the dozens of expense tracking and budgeting apps or websites available. Try…

Achieve Financial Peace with Dave Ramsey’s 7 Baby Steps

Post author:Hyder A.
Post published:January 29, 2021

Dave Ramsey is a successful Businessman, Radio and YouTube Show Host, and Author. His large empire includes the "The Dave Ramsey Show", several published books including "The Total Money Makeover" and "Financial Peace", Ramsey+ Membership Services including the "Every Dollar" budgeting app, and Financial Peace University courses. What Dave is perhaps most well known for is his 7 Baby Steps. Dave created the 7 Baby Steps to help people achieve Financial Peace. BABY STEP #1 Save $1000 for an Emergency…

Ways to Save Money for the Long Term

Post author:Hyder A.
Post published:January 22, 2021

Understanding the mindset and strategies that make you successful in the long term are important in helping you save for a large expense like a house, education, or retirement. Here are some ways to grow your savings over time. 1. Set a Goal What are you saving for? How much money do you need? How do you want to spend your savings? Make a plan and set a goal. 2. Create a Budget After you set a savings goal, split…

Top 3 Micro-Investing Apps

Post author:Hyder A.
Post published:January 13, 2021

Micro-Investing Apps, like Micro-Savings Apps, are designed to help you save without you feeling it. All of these apps do charge high fees for investing. They are not the best choices for an avid investor, but may help the beginner investor get started in investing. Here are the top 3 Micro-Investing Apps. 1. Qapital Qapital is an app that offers 8 customizable rules such as the Round Up and Spend Less Features. With the Spend Less feature, it will save…

5 Hacks that Help You Save

Post author:Hyder A.
Post published:January 11, 2021

Saving money can be difficult, especially for those with low-income. Here are some surprising hacks that can help you save money. 1. Open an interest checking account and high-yield savings account. Your bank may already offer these. You just need to apply for them. You should be able to find a high yield savings account at 0.5% or better with a quick online search. Make sure you choose a bank with ZERO fees and ZERO minimum balance. I like to…

What if you don’t have credit? – Velocity Banking

Post author:Hyder A.
Post published:January 9, 2021

Velocity Banking uses a line of credit to pay off your ammortized mortgage or student loan. The concept includes borrowing money at simple interest to pay for a loan that charges amortized interest, thus saving you huge amounts of money on your loan. To get a good credit card or get a home equity line of credit, you need a good credit report. What if you don't have credit? You can still follow the velocity banking method to pay your…

The 5 Best Micro-Saving Apps

Post author:Hyder A.
Post published:January 9, 2021

Micro-savings apps are designed to help you passively save for a savings goal. Their concept typically involves taking small amounts of money from your checking account in a way that you barely notice. Many of these apps allow you to set savings goals or customize the way you save. Here is a list of the top 5 Micro-Saving Apps. 1. Qapital Qapital is an app that offers customizable goals and rules such as the Round Up and Spend Less Features.…

Retire early with the F.I.R.E. Movement

Post author:Hyder A.
Post published:January 7, 2021

Is $1 million enough to retire these days? You shouldn't retire based on age, but instead should focus on improving your net worth to reach your retirement goal, allowing you to retire as early as your 50's, 40's, or even 30's if you have a good income and start early enough. F.I.R.E. stands for "Financially Independence, Retire Early", but it's not for everyone. Here are 3 steps you need to take to reach the goals of the F.I.R.E. movement. 1.…

NerdWallet – the best personal finance app?

Post author:Hyder A.
Post published:January 6, 2021

For over a decade I used Intuit's Mint app to track my net worth, expenses, and credit score. I was tired of dealing with the sync issues in Mint so I started to look elsewhere. That is when I found NerdWallet. Like Mint, NerdWallet is free and tracks your net worth, expenses, budgets, and credit score. I was able to connect all of my accounts (banking, credit, loans, retirement, and investment) to NerdWallet without any hiccup. Open the app and…